Four casinos have closed since the beginning of the year
Gaming revenue has continued to fall in Liechtenstein with GGR dropping to €15.95m in the first quarter of 2025, €13.6m in the second, and €13.17m in the third, according to the Liechtenstein State Administration.
Since January, when an agreement between the local government and Switzerland came into effect, preventing players banned from Swiss casinos from playing in Liechtenstein, three of the country’s casinos have closed. LV Casino in Eschen closed its doors on January 29, followed by the Plaza Casino in Schaan and Casino 96 in Balzers.
Thomas Gstoehl, head of gambling regulation at the Liechtenstein Office of Economic Affairs, said: “As of September 30, GGR had fallen by 58.86 per cent. The situation is more stable now, even though, after the LV Eschen casino in January, the Admiral casino also closed its doors on September 30.”
The Admiral Casino in Ruggell suffered a dramatic drop in attendance, particularly among its regular Swiss clientele. Weighed down by economic and regulatory obstacles, it chose to throw in the towel. Opened in August 2017, it was the country’s first gambling establishment and was considered a pioneering project and a symbol of the casino boom in the principality. With this closure, Liechtenstein lost not only its oldest gambling establishment but also a key pillar of its current fiscal structure. Over its eight-year existence, it contributed approximately CHF115m in gambling taxes.
The Admiral Group criticised the increasing burden imposed by national regulations, including higher gambling taxes, new requirements regarding the ratio of slot machines to live gaming tables, and rising staff costs. While casinos in neighbouring countries sometimes benefit from more favourable conditions, Liechtenstein feels increasingly constrained.
As a result, only five casinos remain operational. Similarly, following the departure of several members, the Liechtenstein Casino Association was dissolved in March 2025, further weakening a sector that 73 per cent of residents had supported in a referendum on January 29, 2023, by voting against the closure of casinos.
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Four casinos have closed since the beginning of the year Gaming revenue has continued to fall in Liechtenstein with GGR dropping to €15.95m in the first quarter of 2025, €13.6m in the second, and €13.17m in the third, according to the Liechtenstein State Administration. Since January, when an agreement between the local government and Switzerland…
The post Gaming revenues fall by 58.86 per cent in Liechtenstein appeared first on G3 Newswire.