Swiss authorities approve 2 new online casinos
Faced with the unprecedented health crisis caused by the Covid-19 pandemic, all land-based casinos located in Switzerland are closed in compliance with the nationwide regulations on the closure of public. While the gambling market is directly impacted by this phenomenon, iGaming is a great alternative solution for players. Since April 28, 2020, 2 new operators have been authorized by the Swiss Federal Gaming Board (CFMJ). Read the latest update on this at CasinosNews.
Groupe Partouche’s Lac Meyrin casino joins the iGaming market
The Casino du Lac Meyrin (Groupe Partouche) is one of the most popular establishments in Switzerland. Paradoxically, Groupe Partouche did not have authorization to offer a digital version of its services. But in recent months, several news outlets have officially confirmed the upcoming online operator from Partouche and approved by the CFMJ. In fact, some of the partnerships with essential suppliers (notably Evolution Gaming and iSoftBet) mentioned the preparation of a high-quality online casino.
Therefore, the last week of April 2020 was important in cementing the presence of Casino du Lac Meyrin in the iGaming market. The number of registrations suggests a promising future for this new operator.
Groupe Sazka’s Lugano Casino also obtains CFMJ authorization
Lugano Casino in Switzerland is also another popular establishment for gambling fans in Switzerland. Operated by Austria International (Groupe Sazka), they’ve enjoyed the benefits of CFMJ authorization since April 2020. The creation of this new operator was relatively discreet (contrary to the media partnerships of Groupe Partouche). But based on the first player reviews, even the most skeptical are reassured.
Is this Sazka’s first “test drive” in terms of iGaming in Switzerland? Absolutely not. In fact, Grand Casino Kursaal Bern, owned by the same group, was officially recognized by the Swiss Federal Gaming Board (CFMJ) in November 2019 — further confirmation of the interest in the largest land-based casinos in the face of the relentless growth of online gambling.
A real opportunity to face the health crisis
These 2 new authorizations from the Swiss authorities are decisive factors for the Lac Meyrin and Lugano casinos. Establishments such as these, which rely on public attendance, are particularly sensitive to the impacts of the global health crisis engendered by Covid-19.
While Groupe Partouche and Sazka’s casinos enjoyed indisputable popularity with Swiss players, the imposed closure of all businesses since mid-March naturally affected every company and enterprise. There’s a real opportunity for both groups concerned: the casinos and the players confined for several weeks. Like telecommuting, iGaming is undoubtedly an ideal solution that will definitely arouse the curiosity of many land-based casino regulars.
The Swiss government suggests reopening businesses on June 7, 2020. But it depends on the development of this unprecedented health crisis. So following confinement and social distancing rules will help determine the date when businesses, bars, restaurants, and land-based casinos can reopen.
Should we expect a decline in interest of land-based casinos?
The coronavirus health crisis is currently impacting all markets. Though iGaming seems to “benefit” from this phenomenon, the majority of groups dedicated to gambling confirm that online casinos are primarily intended for a specific segment of players. The availability of “Live Casino” software offers an ideal way to experience a land-based casino from the comfort of home. Nevertheless, the interactivity and the unique atmosphere of land-based casinos can’t really be compared to the growing popularity of iGaming.
Land-based casinos and online gaming complement each other and have advantages / disadvantages specific to each. The next few months will confirm this.