Switzerland's Federal Council has announced a groundbreaking decision to introduce fresh 20-year licenses for all existing and newly approved casinos, effective from 2025, marking a pivotal moment in the country's gambling regulatory landscape.

Regulatory Revamp

In a move aimed at providing long-term stability for operators, the Swiss Federal Council disclosed its plan to renew and issue new licenses to all casinos nationwide, commencing in 2025. This decision follows extensive deliberations within the Swiss casino industry delegate meeting and signifies a significant regulatory refresh as current permits expire by the end of 2024.

Expansion and Consolidation

Accompanying this announcement is the approval of new casinos in Prilly and Winterthur, with Winterthur set to replace the existing facility in Schaffhausen. Notably, all licensed casinos, both existing and new entrants, will now operate under the Swiss Casino Association, fostering collaboration and cohesion within the sector on a national scale.

 
Industry Dynamics and Growth

Gerhard Pfister, president of the Swiss Casino Association, emphasized the importance of these new licenses, underscoring the government's trust in the industry's responsible operation and its significant contribution to regional economies. While land-based casinos witnessed a modest decline in revenue, online casino platforms experienced substantial growth, reflecting evolving player preferences towards digital avenues.

Financial Contributions and Outlook

Despite challenges faced by brick-and-mortar venues, online casinos reported robust revenue growth. In 2023, land-based casinos generated CHF 623 million in gross gaming revenue (GGR), with onlinecasinos or other sites contributing CHF 286 million, marking a 14.3% increase. Moreover, the sector's tax contributions soared, with CHF 409.3 million allocated to national projects such as the AHV pension system.

Strategic Implications
 

The Federal Council's proactive stance towards casino licensing renewal is viewed as a strategic move to bolster and invigorate the gambling sector. This decision is anticipated to spur sustainable growth and innovation within the industry, aligning with broader economic development objectives. Additionally, the Loterie Romande's record net profit underscores the sector's significant role in supporting social causes and national welfare.

A New Era Unveiled

The comprehensive overhaul of casino licensing in Switzerland signals a new dawn for the gambling industry, promising heightened operational standards and substantial economic contributions in the years ahead. With renewed licenses and a unified regulatory framework, Switzerland's gambling sector is poised for transformative growth and prosperity.