{"id":4575,"date":"2024-02-09T10:46:38","date_gmt":"2024-02-09T10:46:38","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=4575"},"modified":"2024-02-09T10:46:39","modified_gmt":"2024-02-09T10:46:39","slug":"stakes-f1-sauber-deal-put-under-microscope-by-swiss-gambling-watchdog","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/02\/09\/stakes-f1-sauber-deal-put-under-microscope-by-swiss-gambling-watchdog\/","title":{"rendered":"Stake\u2019s F1 Sauber Deal put Under Microscope by Swiss Gambling Watchdog\u00a0"},"content":{"rendered":"\n<p>According to reports from media outlet <strong>SRF<\/strong>, the Swiss Federal Gambling Board <strong>Eidgen\u00f6ssische Spielbankenkommission<\/strong> (<strong>ESBK<\/strong>) is looking into the latest deal between crypto casino <strong>Stake<\/strong> and the <strong>Sauber<\/strong> Formula 1 team for potentially breaching the country\u2019s advertising regulations.&nbsp;<\/p>\n\n\n\n<p>Earlier this week, Sauber revealed its latest C44 car that will feature in the new season which starts at the end of February. The Stake logo was prominently visible not only on the car itself but also on the team\u2019s uniforms.<\/p>\n\n\n\n<p>This comes after the crypto casino significantly increased its investment into Sauber, with the team even adopting the name Stake F1 Team ahead of the Bahrain Grand Prix on 29 February and all subsequent races before Audi takes the wheel in 2026.<\/p>\n\n\n\n<p>However, this has apparently caused a conundrum for Sauber, particularly in its homeland of Switzerland where gambling advertisements are strictly monitored by the ESBK.<\/p>\n\n\n\n<p>Switzerland\u2019s Federal Act on Money Games (AMG) heavily limits the promotion of all real money games and online gambling by foreign companies, requiring organisers to first obtain a Swiss licence \u2013 something that Stake does not currently possess.<\/p>\n\n\n\n<p>Therefore, access to the crypto casino from within Switzerland is restricted for users, with Sauber even taking additional steps to completely remove the Stake branding from its website, despite the size of the sponsorship deal.&nbsp;<\/p>\n\n\n\n<p>However, Sauber has a card up its sleeve that it will play to avoid troubles with EKBA and other international regulators that also limit the advertising of gambling. The team has hinted at switching its name to feature the branding of its other major sponsor \u2013 video streaming platform Kick \u2013 to become Kick F1 Team when necessary.&nbsp;<\/p>\n\n\n\n<p><strong>Alunni Bravi<\/strong>, Managing Director of Sauber, commented: \u201cAs we did last year, we will comply with all applicable laws. And if Stake is banned, we will have an alternative team name. Depending on the country, we work with Stake or Kick.\u201d<\/p>\n\n\n\n<p>Regardless, if Sauber finds itself in hot water with the ESBK, the following fine could reach up to 500,000 Swiss Francs (\u00a3453,000).&nbsp;<\/p>\n\n\n\n<p>Still, the team at Sauber remains calm, with Bravi adding: \u201cWe always comply with all applicable laws, including in Switzerland. We took all measures to comply with them.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our Telegram channel!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to reports from media outlet SRF, the Swiss Federal Gambling Board Eidgen\u00f6ssische Spielbankenkommission (ESBK) is looking into the latest deal between crypto casino Stake and the Sauber Formula 1 team for potentially breaching the country\u2019s advertising regulations.&nbsp; Earlier this week, Sauber revealed its latest C44 car that will feature in the new season which [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,21,5,1],"tags":[7085,7074,7076,7081,7082,7086,7071,598,7080,7073,7070,7075,46,4198,7084,4323,7087,7083,7072,697,7077,7078,7079,289],"class_list":["post-4575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-features","category-gambling","category-news","tag-access-restrictions","tag-advertising-rules","tag-amg","tag-audi","tag-bahrain-grand-prix","tag-brand-removal","tag-crypto-casinos","tag-deal","tag-eidgenossische-spielbankencommission","tag-esbk","tag-f1-sauber","tag-federal-law-on-gaming-for-money","tag-gambling","tag-gambling-advertising","tag-promotion-of-real-money-gaming","tag-regulators","tag-sauber","tag-sponsorship-deal-2","tag-srf","tag-stake","tag-swiss-federal-gaming-council","tag-swiss-license","tag-swiss-regulator","tag-website"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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