Switzerland Licensed Casinos

Until 2017 online casinos were illegal in Switzerland, yet various offshore operators were accessible on the territory. The legislation’s shift was made after the national vote to ratify the new Money Gaming Act (MGA). It was officially introduced on January 1, 2019. From this day on, online casinos were made legal, but at the same time, all offshore operators were banned from providing their services on Swiss territory.

GESPA is the name of the state’s Gambling Supervisory Authority (called Comlot until the end of 2020). This institution grants licenses to local online casinos and targets all illegal actions in the industry. No gaming website can be legit without the GESPA authorization. At the same time, the Swiss Gambling Supervisory Authority blacklisted about 100 foreign operators who attempted to evade the new legislative measures and tried to remain on the market using some loopholes. Companies that agree to withdraw voluntarily were not added to that blacklist.

There are pros and cons after the law change in Switzerland. Residents now have much more limited options to enjoy top casino games since local operators are yet to catch up with foreign websites’ quality and properties. However, the picture is much clearer now, and customers can feel safe accessing any site authorized by GESPA.

Benefits of Swiss online casinos:

• Players Security – Legal online casinos in Switzerland are obliged to protect customers’ data and money. In fact, this is one of the crucial demands to be granted a license in the country. Players can enjoy a seamless gaming experience at authorized operators in the country.
• Outstanding banking options – We all know that Swiss banks set the world standards. Legal online casinos employ only transparent and reliable payment methods. Customers can trust the operator and choose among various options to deposit and withdraw – debit/credit cards, eWallets, applications like TWINT, Apple Pay, etc.
• Lucrative bonus systems – Swiss-based operators try their best to attract new customers and make them come back after the first time. Legal online casinos welcome players with generous starting offers. Regular punters can also benefit from frequent and ongoing bonuses.

Foreign companies with no Swiss permits are considered illegal. Customers placing bets at such websites face no legal action. The risk is to be cut off if the casino is banned. Thus, players might lose all funds deposited at respective operators if they cannot reach the site.

Links
GESPA Ofiicial website: www.gespa.ch
SFGB Ofiicial website: www.esbk.admin.ch
Wikipedia: en.wikipedia.org/wiki/Swiss_Gambling_Supervisory_Authority