Liechtenstein's iGaming Market: A Closer Look
Liechtenstein's gambling market thrives on land-based casinos, catering to wealthy locals and Swiss tourists. However, online gambling remains prohibited until at least 2028. ## Key Takeaways: - Liechtenstein boasts a high casino-per-capita ratio with four land-based establishments - Online gambling licenses are under moratorium until at least 2028 - Cross-border player protection agreements with Switzerland showcase regulatory focus Nestled between Switzerland and Austria, Liechtenstein's gambling landscape is dominated by its land-based casino sector. Despite its small population of around 40,000, the principality supports four casinos, rivaling the casino density of renowned gambling hubs. The Gambling Act of 2010 legalized land-based gambling but maintained a ban on online operations. This moratorium on online gambling licenses was recently extended through 2028, reflecting ongoing concerns about potential social impacts and regulatory readiness. In 2018, the two largest casinos generated CHF 53.5 million in revenue and contributed CHF 19.9 million in taxes, underlining the sector's economic significance. However, expansion has been curbed, with a licensing freeze implemented in 2022 to manage growth. Popular games in Liechtenstein's casinos include traditional table games and poker. The Grand Casino Liechtenstein, for instance, offers cash games in No Limit Hold'em and Pot Limit Omaha, with buy-ins ranging from CHF 100 to CHF 330. The player base primarily consists of affluent adults, both residents and visitors, particularly from neighboring Switzerland. This demographic aligns with the high-end focus of Liechtenstein's casino offerings. Regulatory measures are robust, with casinos required to implement detailed anti-money laundering processes and player protection mechanisms. A progressive tax structure ranges from 17.5% to 40% of gross gaming revenue. A notable development in 2025 was the establishment of a cross-border exclusion agreement with Switzerland. This collaboration allows for shared lists of banned players, enhancing responsible gaming efforts across both jurisdictions. While the land-based sector flourishes, the future of online gambling in Liechtenstein remains uncertain. The extended moratorium until 2028 suggests a cautious approach to digital expansion, prioritizing social responsibility and regulatory preparedness. For roulette enthusiasts, Liechtenstein's casinos offer a high-end experience, likely featuring both American and European wheels. The European variant, with its single zero, presents a more favorable house edge for players seeking optimal odds in this principality's exclusive gaming establishments.