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PartyPoker left the Swiss market

PartyPoker left the Swiss market

New Swiss laws which regulate the gambling industry came into operation.

According to the Swiss laws the foreign gambling operators must conclude an agreement with the casino, if they do not want their domain to be blocked.

Gambling companies should quickly make changes in their activities on the Swiss market, taking into account the law. GVC Company has announced that it will temporarily shut down the work of Bwin and PartyPoker poker rooms. At the same time Stars Group announced about the closure of online casino only. Despite all this, PokerStars decided to continue their work at their own risk.

According to the results of survey, 75% of the country's inhabitants agreed with a new draft law. This law was adopted on January 1, 2019 and after it the different companies tried to regulate its activities and took appropriate decisions in that regard. So iPoker (Playtech) concluded an agreement with Swiss Casinos Company, but GVC and the Stars Group was not able to do the same earlier.

The players from Switzerland still have an opportunity to enter PartyPoker, but they are prohibited to play there.

An access is temporarily opened only in order the poker players can withdraw all their money from accounts. Since an executive part of the law will come into operation only since July 1, 2019, PokerStars decided not to stop the work of the poker room.

PokerStars should think about its reputation in the eyes of regulators in order to play by the rules. However PokerStars apparently decided to take a gamble on its powerful authority, popularity and large amount of working licenses in different countries of the world.

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