A change in law that would allow for a gambling market in Liechtenstein has attracted interested parties. Among those looking into the possibilities are Casinos Austria and the entrepreneur Wolfgang Egger.
Among the changes to laws made by the Landtag in early April was the gambling law. The amendment will open up the gambling market to more operators. After the new law comes into force on 1st October, applications will be accepted. Several interested parties are already getting prepared. Austrian media reports in newspapers including Der Standard and Wiener Zeitung claim that Casinos Austria is interested and is looking into the possibilities. Also working on a project in Liechtenstein is the Novomatic-Gruppe, which owns Casino Bad Ragaz.
Entrepreneur Wolfgang Egger told newspaper Liechtensteiner Volksblatt that following the legal amendment, he would apply for a casino licence. With the Casino Vaduzerhof AG, Egger und Partner had already secured a concession. Following legal disputes, the concession process concluded at the end of 2014 without any allocations.
Gambling was banned in Liechtenstein until 2010. The ban ended in 2011 with the gambling law. However, the law still restricted the number of casino concessions to one alone. The new amendment will replace the concession system with a police approval system. According to a government report, this will facilitate monitored market openings. It adds that competition rather than the state will determine economic success, and thereby the number of casinos in the country.