LeoVegas Leaves Switzerland Ahead of Legal Markets Opening

This story was published more than 1 year ago.

Online gaming group LeoVegas sent an announcement to affiliates today where they announced that they're leaving the Swiss market ahead of the liberalization of the country's online betting market.

The email read in part: "Unfortunately, all good things come to an end. Therefore, we sadly announce the closing down of the Swiss market within LeoVegas. We will proceed to close this market as set out hereunder, in line with applicable laws, regulations and licence terms.

LeoVegas will disable all sign ups (Casino, Live Casino and Sports) on Wednesday 19th June 2019, therefore players from Switzerland shall no longer be able to sign up as from that day forward."

Games for existing Swiss players will be closed as of June 30th, while deposits from those players will be disabled from June 28th. The company is also sending un-withdrawn funds in accounts to the Malta Gaming Authority on September 2nd, so Swiss players with positive balances will want to pull funds out by August 31st.

Switzerland is gearing up to offer regulated online gaming within their borders, and LeoVegas is keen to comply with laws in order to give them a chance to obtain a license in the future.

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Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.