Yeah, sure.

But technically that's not the same as saying Swiss gambling outfits lose revenue to foreign gambling outfits. Might be a totally different demographic and all that. Think language barriers and /or different games or even general distrust of foreign stuff, especially by older people. Or just that the sort of person who buys a lotto ticket at the kiosk while waiting for the train is not at all the type who would gamble online. So no real threat. Might be the market overall is growing so there are pickings for everybody. Lots of scenarios are possible and we haven't really seen any data.