Red Tiger set to be among the first online gaming suppliers to enter Switzerland’s newly regulated online gambling space
Supplier of online casino games and related software Red Tiger announced Monday that it is gearing up preparations to enter the newly re-organized Swiss online gambling market.
The slots supplier’s announcement arrives shortly after it became known that first online casinos in Switzerland are expected to go live under the new regime on July 1.
Founded in 2014, the Isle of Man-registered online gambling company is focused on expanding its footprint across Europe and Asia. Over the years, Red Tiger’s titles have gone live with some of the largest and most popular online casinos. Most recently, the supplier’s slots went live with 888 Casino, Casumo, and ComeOn!, among others.
Red Tiger said Monday that 30 of its most popular games have already been certified to go live in Switzerland and the company now anticipates the start of regulated online gambling in the country. The slots supplier went on to explain that a number of leading Swiss operators are expected to opt for its content once they are permitted to commence their activities.
Commenting on their latest expansion destination, Red Tiger Commercial Director Chris Looney said that they are excited about the opportunities that Switzerland presents and that going live in that market shows their determination to expand their reach in regulated markets.
Mr. Looney also pointed out that they are “well-set to offer operators a portfolio of games that are proven revenue generators elsewhere.”
Red Tiger has already entered the regulated markets of Sweden, Italy, and Denmark so far this year. The company recently received a B2B license in Gibraltar.
Switzerland’s Re-organized Gambling Market
It has emerged recently that Switzerland is inching closer toward launching its first online casinos under its new regulatory regime. The country’s new gambling law took effect on January 1 and first online gambling operations are expected to go live on or around July 1.
Last week, the nation’s Federal Gaming Board received the first four applications for the operation of online casinos. Under the new law, only the nation’s land-based casinos can submit applications for an online casino license. Foreign companies are prohibited from operating in the country. They can only secure their presence in the re-organized Swiss market through a partnership with the nation’s land-based casinos.
The four already submitted petitions will now be reviewed by the Gaming Board and the Federal Council. The review is expected to be finalized by the end of June.
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