Swiss Reject Banking Changes While Overwhelmingly Approving Online Gambling

Written by:
Guest
Published on:
Jun/10/2018

FRANKFURT, Germany — Election projections indicate that Swiss voters have rejected a referendum that would have made sweeping changes in their country’s monetary and banking system.

The gfs.bern survey institute projected after polls closed in Switzerland on Sunday that only around 25 percent of voters supported the so-called sovereign money proposal.

The proposal would have barred banks from creating new money when they grant loans, a measure supporters said would reduce the chances of a future financial crisis.

Opponents said it was an unwarranted experiment with Switzerland’s financial system. The country’s government had recommended a “no” vote.

Gfs.bern says voters approved by a wide margin a proposal to license online gambling through Swiss companies and to block offshore online gambling sites. The measure is aimed in part at preserving public revenues from gambling.

Gambling News

Sinclair TV, MY LVTV and VSIN Partner for Sports Betting Broadcast Television Deal

Sinclair TV, MY LVTV and VSIN Partner for Sports Betting Broadcast Television Deal

LAS VEGAS  Sinclair Broadcast Group (Nasdaq: SBGI) and VSiN (Vegas Stats & Information Network), the first network dedicated exclusively to sports gambling, today announced a partnership that will bring sports betting content to broadcast television viewers in Nevada.  

Ascend FS and SBC announce partnership ahead of Betting on Sports America

Ascend FS and SBC announce partnership ahead of Betting on Sports America

Ascend FS, the market leader in data-driven charitable fundraising solutions and sponsorship activation in the gaming sector, has been officially named a Supporting Partner for the largest sports betting trade conference in the United States – Betting on Sports America.

Caesars Jumps on News That Icahn is Pushing for Sale

Caesars Jumps on News That Icahn is Pushing for Sale

Caesars Entertainment shares rose 6 percent on news that activist shareholder Carl Icahn is pushing the company to sell.

Will Legalizing Sports Gambling Hinder Your Sportsbook Business?

Will Legalizing Sports Gambling Hinder Your Sportsbook Business?

Do you think legalization will help or hinder your sportsbook business? Trust us, it’s going to help individual bookies. Find out why and how, and stay ahead of the legalization!

MGM CEO: New Wire Act Interpretation 'Unenforceable'

MGM CEO: New Wire Act Interpretation 'Unenforceable'

LAS VEGAS (AP) — The chairman and chief executive officer of casino operator MGM Resorts International on Wednesday decried a U.S. Department of Justice opinion that is threatening the viability of online gambling and also blamed the recent partial government shutdown for fewer Las Vegas visitors during the Chinese New Year.

Syndicate