--- title: "Liechtenstein gambling licensing, cost and supervision | advennt.io" canonical: https://advennt.io/jurisdictions/liechtenstein/ source_html: /jurisdictions/li/index.html description: "Liechtenstein gambling regulation by game: 5 open · 3 restricted · 7 uncertain · 5 not yet assessed." generated_at: 2026-10-27T09:13:35Z content_sha256: 23ccddeb6eddf50828a106eda3557ab2991fbc7d8a0d820b5223334d4513568a generator: "fe-fleet/md-twin@1.0" --- # Liechtenstein gambling licensing, cost and supervision | advennt.io [Jurisdictions](/jurisdictions/) › Liechtenstein # Liechtenstein National jurisdiction Land-based entry is technically open via the police-permit model but practically constrained by high capital requirements (CHF 5,000,000 minimum share capital) and a saturated/contracting market of five operating casinos. [5 open · 3 restricted · 7 uncertain · 5 not yet assessed → 20 classes](#products) Regulator: Office of Economic Affairs (Amt für Volkswirtschaft / AVW) · Collected 25 Oct 2026 · Published 26 Oct 2026 · Changed 18 Oct 2026 [PDF](report.pdf) [Sign in for PDF](https://advennt.io/auth/) [Compare](/compare/?j=liechtenstein) ## Can we offer our product? Every product class, in fixed taxonomy order. The band is what you can do; where the recorded legal status says something the band does not, it is shown beside the product. ### Player products - CasinoOOpen - PokerOOpen - BingoRRestricted - LotteryOOpen - Sports bettingRRestricted - Other event betting–Not yet assessed - Horse and greyhound racing betting–Not yet assessed - Esports bettingNot yet regulated?Uncertain - Exchange betting–Not yet assessed - Pool betting–Not yet assessed - Virtual event betting–Not yet assessed - Fantasy sportsNot yet regulated?Uncertain - Skill gamesRRestricted - Prediction marketsGrey zone · Models agree?Uncertain - SweepstakesOutside the regulatory perimeter · Models agreeOOpen - Free playOutside the regulatory perimeter · Models agreeOOpen ### Supply roles - Software / B2BNot yet regulated?Uncertain - Affiliate marketingNot yet regulated?Uncertain - Payments for gamblingNot yet regulated?Uncertain ### Settlement rail - Crypto gamblingNot yet regulated?Uncertain Class-level certainty is graded for 3 of 20 classes. ## Board briefing Liechtenstein: land-based-only market under contraction; online closed until 2028. #### What has changed - GGR fell approximately 58.9% year-on-year through Q3 2025; only five casinos remain operational and the national casino trade association dissolved in March 2025. #### What to do now - Do not pursue online entry — moratorium runs through 31.12.2028. For land-based interest, model economics against a shrinking incumbent base and rising capital/compliance costs before committing. #### What to watch - Any statutory amendment to the GSG tax schedule, early termination of the online moratorium, or further consolidation among the five remaining casino operators. ## 11 answers, each dated and graded The weather grades favourability for an operator, not legality: legality is the product table above. The left rule is our confidence: solid confirmed, dashed probable, dotted uncertain. 01 · What kind of market is this? ### Overview Mixed Liechtenstein's gambling market this period is dominated by a live dispute over the Geldspielabgabe (gaming levy) between the State and the host communes of Gamprin and Mauren, playing out inside the ongoing revision of the Geldspielgesetz (GSG). The land-based casino admission moratorium lapsed at … Full analysis · 130 words Liechtenstein's gambling market this period is dominated by a live dispute over the Geldspielabgabe (gaming levy) between the State and the host communes of Gamprin and Mauren, playing out inside the ongoing revision of the Geldspielgesetz (GSG). The land-based casino admission moratorium lapsed at the end of 2025 without extension, a liberalising development the Government attributed to the moratorium having already achieved its goal, while the separate online gambling concession moratorium continues unchanged to 31 December 2028. The land-based casino sector itself remains in sharp structural decline, with gross gaming revenue roughly halving in 2025 and only four of ten prior casinos still operating, continuing the effect of the Swiss-Liechtenstein blocklist-sharing agreement. The jurisdiction's regulatory posture is therefore one of cautious liberalisation on market access set against continuing commercial contraction. - Online moratorium through end-2028 forecloses digital entry - Sharp 2025 GGR decline (~58.9% YoY through Q3) - Rising regulatory/tax burden cited by operators - Small addressable domestic population (~38,000) Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/overview/) 02 · Can we get a licence? ### Licensing and regulation Mixed Land-based casinos in Liechtenstein operate under a statutory-entitlement police-permit model set out in the Geldspielgesetz (GSG). Where an applicant satisfies the statutory conditions, a permit is granted as of right rather than through discretionary selection. Online gambling concessions, by cont… Full analysis · 136 words Land-based casinos in Liechtenstein operate under a statutory-entitlement police-permit model set out in the Geldspielgesetz (GSG). Where an applicant satisfies the statutory conditions, a permit is granted as of right rather than through discretionary selection. Online gambling concessions, by contrast, are frozen under a government moratorium extended to 31 December 2028, meaning no new online concession can presently issue. A separate and shorter moratorium suspends the issuance of new land-based casino permits until 31 December 2025; pending applications already lodged are unaffected by this freeze and continue to be processed under the existing entitlement framework. The combined effect of these two overlapping restrictions is that, while the underlying statutory architecture for both channels remains intact and unchanged, the practical licensing landscape is currently closed to new online and new land-based applicants alike for a defined period. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/licensing/) 03 · How hard is entry, really? ### Market entry in practice Unfavourable Land-based entry is technically open via the police-permit model but practically constrained by high capital requirements (CHF 5,000,000 minimum share capital) and a saturated/contracting market of five operating casinos. Online entry is closed until at least end-2028. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/market-entry/) 04 · What do the licences cost? ### Licence fees Mixed Minimum share capital of CHF 5,000,000 and an ongoing equity ratio of 30% of total assets or 20% of GGR (whichever higher) apply to casino permit holders. Specific application/annual fee schedule not confirmed from a named T1 source in this pass. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/fees/) 05 · What is the tax take? ### Tax Mixed Historical data (2018) shows a combined effective tax-and-fee rate of approximately 34.5% of GGR for casinos. Current-year statutory rate schedule and any post-2022 amendments were not confirmed against a named T1 statutory citation in this pass — flagged as a coverage gap. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/taxes/) 06 · Can we move player money? ### Payments and banking Favourable No online payments regime is currently active given the online moratorium. Land-based casinos operate under standard EEA banking access as regulated entities subject to FMA AML oversight. Uncertain AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/payments/) 07 · Can we advertise? ### Marketing Mixed No dedicated marketing-restriction regime for gambling was identified in retrieved sources beyond general consumer-protection principles under the GSG. Cross-border advertising by foreign online operators into LI is not blocked at network level. Uncertain AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/marketing/) 08 · What must the platform meet? ### Technical compliance Favourable Casinos must connect all gambling machines and jackpot systems to the EACS (electronic gambling machine monitoring/control system) per the Casino Ordinance, enabling GGR and payout-ratio calculation; game rules require AVW approval. Not recorded AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/technical/) 09 · Can we ship through apps and platforms? ### Distribution and platforms Mixed Not applicable at present given the online moratorium — no licensed digital distribution channel exists domestically. Uncertain AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/distribution/) 10 · How hard does the regulator enforce? ### Enforcement Favourable The land-based casino admission moratorium, introduced by a November 2022 Landtag resolution, lapsed on 31 December 2025. The Government confirmed in a statement reported 11 March 2026 that it saw no reason to extend the moratorium, stating that its goal had been achieved. This is a market-access de… Full analysis · 139 words The land-based casino admission moratorium, introduced by a November 2022 Landtag resolution, lapsed on 31 December 2025. The Government confirmed in a statement reported 11 March 2026 that it saw no reason to extend the moratorium, stating that its goal had been achieved. This is a market-access development rather than a disciplinary or revocation action: it concerns the conditions under which new land-based casino admission may proceed, not a sanction against an existing operator. No enforcement events, licence suspensions or revocations were identified in the evidence available. The practical effect is that new land-based casino admission in Liechtenstein is, as of the lapse of the moratorium, no longer subject to the statutory bar that applied between 2022 and the end of 2025, though any prospective entrant enters a sector whose revenue base has contracted sharply over the same period. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/enforcement/) 11 · What is coming? ### Outlook Mixed Near-term outlook is dominated by the online moratorium (through end-2028) and a contracting land-based market (GGR down ~58.9% YoY through Q3 2025, operator count down to five casinos, industry association dissolved March 2025). The January 2023 referendum (73% against closure) provides political d… Full analysis · 51 words Near-term outlook is dominated by the online moratorium (through end-2028) and a contracting land-based market (GGR down ~58.9% YoY through Q3 2025, operator count down to five casinos, industry association dissolved March 2025). The January 2023 referendum (73% against closure) provides political durability for the existing land-based sector despite commercial headwinds. Probable AI-generated [Read full analysis & tables →](/jurisdictions/liechtenstein/outlook/) Evidential record & source register 0 enforcement · 2 red flags · 13 sources · Expand full record ## What gets operators fined 2 red flags (2 high) and 0 controls that address them. - highOnline gambling moratorium extended to end-2028Forecloses any online B2C or B2B entry route for the foreseeable planning horizon.Source 5 · T3 - highGGR decline of ~58.9% YoY through Q3 2025 and dissolution of the casino trade associationSignals sharp commercial deterioration in the only currently-licensable vertical (land-based casino).Source 6 · T3Source 13 · T4 ## What we looked for and could not find Confirmed absence is a finding of its own. These are the questions we searched and could not answer from a citable source, with the searches we ran. Never behind the paywall. Cost to operate. Current statutory GGR tax rate schedule (post-2016/2022 amendments) not confirmed from a named T1 source; only a 2018 historical effective-rate figure (34.5%) was retrieved. - searched: Liechtenstein gambling tax rate GGR casino 2025 - searched: Geldspielgesetz Steuersatz Kasino - searched: Liechtenstein casino tax law article GSG - checked: regierung.li Aml cft regime. No FATF/MONEYVAL mutual evaluation report citation retrieved for Liechtenstein in this pass. - searched: Liechtenstein MONEYVAL mutual evaluation report gambling - searched: Liechtenstein FATF AML gambling casino - searched: MONEYVAL Liechtenstein FIU report - checked: coe.int Competitive landscape. Exact current licensed-operator count and unlicensed market share estimate not confirmed from a named regulator source; only trade-press estimate of 'five casinos' as of late 2025. - searched: Liechtenstein AVW licensed casino register - searched: Liechtenstein Office of Economic Affairs casino list - searched: Liechtenstein unlicensed gambling market share - checked: avw.llv.li Entry pathways.b2b licensing. No statutory confirmation found of B2B licensing pathway existing or being absent; secondary sources are silent. - searched: Liechtenstein B2B gambling software supplier licence - searched: GSG B2B licence Liechtenstein - searched: Liechtenstein gaming technology supplier authorisation - checked: regierung.li ## Source register Every source on a four-step tier scale. A claim is never shown at a stronger tier than the source it cites. 13 sources · 1 tier 1 · 1 tier 2 · 10 tier 3 · 1 tier 4 No. Source Tier Verification 1 GSG-2010-235 T1 of 4 Source 1 · Open in drawer → 2 yogonet.com T2 of 4 Source 2 · Open in drawer → 3 frick.legal T3 of 4 Source 3 · Open in drawer → 4 legalpilot.com T3 of 4 Source 4 · Open in drawer → 5 lcb.org T3 of 4 Source 5 · Open in drawer → 6 cdcgaming.com T3 of 4 Source 6 · Open in drawer → 7 igamingbusiness.com T3 of 4 Source 7 · Open in drawer → 8 slotegrator.pro T3 of 4 Source 8 · Open in drawer → 9 choicecasino.com T3 of 4 Source 9 · Open in drawer → 10 neonslots.com T3 of 4 Source 10 · Open in drawer → 11 igamingtoday.com T3 of 4 Source 11 · Open in drawer → 12 igaming.org T3 of 4 Source 12 · Open in drawer → 13 g3newswire.com T4 of 4 Source 13 · Open in drawer →