PokerStars announce their withdrawal from the Swiss online gambling market to avoid upsetting lawmakers but plan to return with potential Casino Davos partnership.
PokerStars’ Swiss team is currently vaulting, cartwheeling and split leaping like an Olympic gymnast after failing to bed a casino partner in time for the implementation of the country’s new online gambling laws.
In June 2018, a proposed bill to impose stricter rules on foreign involvement in the Swiss gambling industry passed through the hallowed halls of the Eidgenössische Spielbankenkommission (ESBK) by a whopping 72.9% vote.
Those rules meant international online gambling operators needed to have a relationship with a land-based operation that had the rights to apply for an online gambling license.