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Liechtenstein opened its first two casinos in over 170 years in 2017, following years of legal disputes and changes in legislation, with further development now expected in the market.

Casino Admiral Ruggell and Casino Schaanwald began operation in 2017, with another Novomatic-owned Admiral venue opening in Triesen on the Swiss border in 2019.

Prior to the openings, the Court of Justice of the European Free Trade Association found fault with the casino licensing process, suggesting that the casino tender should be reopened.

As a result of this ruling in October 2016, the government changed its gambling legislation in order to allow an unlimited amount of casino licenses.

On February 13, 2020, Liechtenstein notified the European Commission of new regulations  titled "Ordinance of ... Amending the Casino Ordinance". The notification's message text states: "The Ordinance draft highlights new proposed requirements for operators looking to operate a casino.”

Casinos were made to close for large parts of 2020 due to COVID-19. Additionally, when the government began lifting restrictions on March 1, 2021, casinos, bars, nightclubs and dance clubs all remained closed.

With a population of only 39,000 the success of the country’s rapid growth in casinos will likely depend on foreign visitation.

Online casino games continue to be banned in Liechtenstein. Even though the Gambling Act technically allows for their existence, the issuance of online gambling licences is currently suspended.