Best Online Casinos in Liechtenstein
Liechtenstein is a small European country, one of the smallest in the world and the fourth smallest in Europe. However, despite the fact the population is not impressive in numbers, this country is full of passionate gamblers. Is gambling legal here? It is legal, but it is strictly regulated. Moreover, there are no legal online casinos for Liechtenstein.
Yet, this is not a problem, because the residents are allowed to gamble at online casinos operated from abroad, and are not persecuted for doing so. And because Liechtenstein is in fact one of the richest countries out there, local punters are very welcome at many web casinos that work internationally. In other words, finding an online casino Liechtenstein accepting players from Liechtenstein is not a problem; there are dozens of those.
Of course, the problem of finding a really safe, reliable, and entertaining casino remains. But here, we have already done the work for you. Check out the list of the best online casinos below and choose from the best online casinos for Liechtenstein!
List of Online Casinos for players from Liechtenstein
History of Gambling in Liechtenstein
The history of gambling - or rather, its absence - is long enough in Liechtenstein. The first talks about legal casinos on the territory of the Principality appeared in Parliament back in 1860s. The goal was to make more profit, collect nice taxes, and attract players from other countries, as well. But then ruling Prince Johann I Joseph was against this idea. Even a reputable international casino company was denied a chance by the Prince.
After WWI, another attempt was made - Liechtenstein actually suffered serious financial issues, as a country, so a Swiss-French financial organization offered an exchange. In 1919, for a gambling monopoly in the country, they were to build new roads, renew water supply systems, and actually pay impressive taxes to the state. However, the then-ruling Prince John I decided to give his own money (partially due to selling some valuable stuff) in order to reconstruct the country, just to avoid building any casinos.
After WWII, in 1949, the country allowed a National Lottery, and for four years, it was the only real money gambling activity legal in Liechtenstein. In 2011, however, the National Lottery went bankrupt. Yet, the country did not manage to solve its financial problems for long years, and only by 1970s, when a low corporate tax attracted dozens of companies, Liechtenstein suddenly found itself among some of the richest countries globally. Now, they definitely did not need any casinos to raise state funds.
However, after 1996, the approach to gambling changed. An International Lottery Foundation was established in Liechtenstein. Lottery became available both offline and later, online. Later, around 2009, Switzerland, which is the neighbor of the Principality, confirmed huge profits from legalized gambling businesses - you can check out Swiss online casino, by the way. Already by 2010, Liechtenstein legalized land based facilities, and by 2011, developed a system of granting local licenses to online operators.
Current Situation on Gambling in Liechtenstein
Currently, land based gambling is totally legal and available in Liechtenstein, for both locals and guests. There are few brick and mortar casinos - meaning full-fledged gambling houses - but there are smaller entertainments like lottery, too.
Online gambling case is a little bit more complicated. The point is, the system of granting local licenses to online operators from abroad is not that practically applicable, and definitely needs improvement. Moreover, the country is really small, and the gambling population is even smaller. By now, no foreign company has acquired a local license, and in fact, it is doubtful that any big international casino operator would bother wasting money and paying taxes to a country with such a small number of potential players - keeping in mind that they will not be the only operator available, because competition is huge.
As a result, there is a risk that, if the state decides to prohibit access of the locals to online casinos operating from abroad without a local licenses, the locals will be left without no web casinos at all. Today, there are no local online casinos by local companies. This is why many are interested in gambling in Germany, or even casino Austria online, looking for legal sites.
Currently, punters from Liechtenstein are allowed to access and make real money bets at any web casino accepting them. Neither the players, nor the casino are not persecuted by the government for unlicensed cooperation, so to say. However, it is not clear what awaits us in the nearest future.
Laws for Gambling in Liechtenstein
The first and by now, the only applicable gambling law in Liechtenstein was adopted in 2010. This law made land based gambling legal, but only if the operator acquired a concession from the state.
In 2016, an amendment was offered to the law, stating that any online casino operators are allowed to provide their services to locals after they purchase a local license that is legitimate for five years.
Other gambling regulations state that the official age that makes a person eligible for real money play is 18 year.
The gambling act of Liechtenstein applies another curious rule to all punting residents. According to this rule, any person who had a history of addictive gambling, or bad gambling habits, or negative activities related to gambling, will not be allowed to participate in real money play again. The point is that the government takes responsible gambling very seriously. All companies offering punting and betting entertainment in Liechtenstein are obliged to collaborate with independent organizations providing support for punters, and making punting safer.
Obviously, for now it is only applicable to people preferring offline punting. Online betting is generally out of control, and it is not clear how the government plans to apply this rule to web bettors in the future.
Regulatory Authorities in Liechtenstein
Since the country is really small, and the gambling market is comparatively small, as well, there is no separate agency responsible for it. All regulations and control are provided by the Office of Economic Affairs. This Office, in its turn, works under the supervision of the Ministry of Infrastructure, Economic Affairs and Sport.
To enhance control, the Office of Economic Affairs collaborates with the Financial Market Authority. This duo ensures adequacy of the market, and enforces the gambling law - but again, only on local land based operators.
Taxation Laws on Gambling in Liechtenstein
Since online gambling is virtually unregulated and lacks any control for now, punters making real money bets in the web are not expected to pay any taxes on their winnings. The only exception may be professional poker players for whom poker winnings are considerable part of their regular income.
Now, those players enjoying offline betting in Liechtenstein have to pay tax on their winnings only if the size of the winnings exceeds a certain amount. In the case of a brick and mortar casino, the tax may be withheld at the source. In other cases, the state may demand to include winnings into personal income tax, or additional income tax. Eventually, the size of the tax may be from 18% to 29%.
Land Based Casinos in Liechtenstein
There are only three brick and mortar casinos in the whole country. Generally, this is not surprising, because the country is small, and neighbors with bigger states that have more possibilities in locating big luxurious gambling houses. So, gambling tourism is not really on the rise in Liechtenstein, which results in the fact that three big casinos may be enough for the country’s needs.
This casino Liechtenstein is located in the city of Ruggell. Opened in 2017, it already offers a bunch of entertainments, including up to 300 slots machines, 17 table games, 9 poker tables. On the opposite side of the street, there is Admiral Poker Club. Besides games, there are three bars, a restaurant, and an event area.
This is a new Liechtenstein casino opened in November, 2019. There are 80 slots machines and four card games tables, including blackjack and poker. There are two separate roulette machines, as well. Plus, the venue offers bar and snacks.
This facility is situated in Schaanwald, and it was founded in 2013. There are 120 slots machines in the facility, and 7 tables for blackjack, poker, punto banco, roulette, and other games. There is a restaurant and a bar, plus the venue holds entertaining events, both for players and non-players.
Banking Options for Gambling in Liechtenstein
Liechtenstein is a rich and rather developed state, so you can expect tons of payment methods available and accepted there. For land based gambling, you may prefer your credit or debit card by the following companies:
- American Express
For online gambling, plastic may be less convenient, because most often, only deposits are possible via bank cards listed above. So, to make sure both deposits and withdrawals are flawless, choose one, or better two, of the following methods:
- Visa Electron
- Apple Pay
- Google Pay
Facts About Liechtenstein
Liechtenstein is worth visiting not only to get access to unlimited and non-taxed web gambling. Did you know that:
- Liechtenstein is a doubly landlocked country. It means not only the country itself has no access to any sea, but its closest neighbors do not, as well
- once a year, the whole country can visit the Prince’s palace for a drink; and the party is paid for by the government
- local company makes up to 20% of fake teeth in the world
- Liechtenstein was the last country in Europe, and the last in the developed world, to allow women to vote
- there is one of the lowest crime rates, globally
- there is no permanent military in the country