After more than 170 years, Liechtenstein opened the doors to the first casino at the end of this summer. The last casino in Liechtenstein was closed in 1846, as the government had then issued a ban for carrying out gambling activities, a ban which was stopped in 2011 when the law was changed. This new event creates new opportunities for other casino players seeking to enter the Liechtenstein market. Our company formation consultants in Liechtenstein can offer information on the legislation related to gambling in the Principality.
The opening of a gaming facility in Liechtenstein does not mean the country will now become a haven for operators or gamblers, but it will in fact have a significant contribution to the country’s economy and will set the path for a new industry to develop. The new casino has created 50 job openings up to the point of its opening.
The Office of Economic Affairs, the authority which issued the authorization for the casino has taken its time to plan and implement the new regulations under which the latter will operate.
Our company registration consultants in Liechtenstein can offer more information on how to obtain a casino license.
As the representatives of the first casino in 170 years announced, Liechtenstein is the perfect location to set up this kind of business. The infrastructure is very helpful for those coming to Liechtenstein, and so is the new legislation related to gambling which was amended last year. The changes brought to the Gambling Law was specifically intended to open the market for casino operators all over the world. At the time, four large gaming companies in Austria and other neighboring countries had announced their intention to set up their operations in Liechtenstein and some of them now feel encouraged to file their applications for licensing.
The casino market is expected to contribute to Liechtenstein’s economy which is why the government has speeded the process for the new licensing procedures.
If you want to set up a casino and need assistance with the company registration procedure in Liechtenstein, please feel free to contact us.