Liechtenstein, as the fourth smallest country in Europe, has experienced significant changes in the regulation and market development of the gambling industry in recent years. Although the country legalized gambling in 2010, it has always maintained a cautious attitude towards online gambling.
Evolution of Gambling Regulatory Policies
In 2010, Liechtenstein formally legalized gambling through legislation, aiming to attract tourists from neighboring countries and increase fiscal revenue. However, as the gambling industry rapidly expanded, the government began to take measures to control its growth.
In 2022, the government announced a suspension of new casino licenses, planning not to approve new operators entering the market until the end of 2025. Additionally, Liechtenstein reached an agreement with Switzerland to share a list of banned gamblers from 2024, preventing these individuals from cross-border gambling between the two countries.
Restrictions on Online Gambling
Despite the flourishing of physical casinos in Liechtenstein, online gambling has not been included in the legal category. The government has not yet issued licenses to online gambling operators, leaving this area in a "gray zone." This means that residents may participate in online gambling through foreign websites, but the government lacks effective regulatory measures.
Challenges and Responses in Market Development
In recent years, Liechtenstein's gambling market has faced multiple challenges. In January 2023, the government introduced new measures requiring casinos to conduct stricter identity verification and source of funds checks on players.
These measures led to a significant decline in some casinos' revenue, by up to 85%. For example, the LV Casino in Eschen announced its closure in January 2025 due to sharp revenue declines and financial difficulties.
Facing these challenges, the Liechtenstein Casino Association has called on the government to reassess current policies, seeking a balance between player protection and market vitality. They emphasize that overly strict regulation may weaken the country's competitiveness in the international gambling market.
Future Outlook
Despite facing many challenges, Liechtenstein's gambling industry still has development potential. The government needs to find a balance between ensuring player safety and promoting healthy market development. With technological advancements and deepening international cooperation, Liechtenstein is expected to establish a more comprehensive and sustainable gambling regulatory system in the future.
In conclusion, Liechtenstein's experience in gambling regulation and market development reflects the efforts of a small country to address complex economic and social issues in a globalized context. Through continuous policy adjustments and international cooperation, the country is expected to achieve sustainable development in the gambling industry.
