{"id":6515,"date":"2023-01-24T00:00:00","date_gmt":"2023-01-24T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/liechtenstein-to-vote-on-casino-ban\/"},"modified":"2023-01-24T00:00:00","modified_gmt":"2023-01-24T00:00:00","slug":"liechtenstein-to-vote-on-casino-ban","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/liechtenstein-to-vote-on-casino-ban\/","title":{"rendered":"Liechtenstein to vote on casino ban"},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Liechtenstein, famous for its alpine scenery and castles, is also noted for a more down-to-earth tourist attraction, casinos. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Six currently operate in the microstate of just 40,000 people, earning it the nickname &quot;Las Vegas of the Alps&quot; among gamblers, who flock from neighboring Germany, Switzerland and Austria to try their luck. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Open since 2017 following a change in the law that legalized gambling, they will all have to close if supporters of the casino ban put to a referendum on January 29 get their way.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">Casinos generated 50 million Swiss francs (50.4 million euros) in taxes in Liechtenstein in 2022. &quot;Without a doubt, these are revenues that are also relevant to our budget,&quot; said Sabine Monauni, Liechtenstein&#39;s deputy head of government, who encouraged people to vote against banning casino activity.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/liechtenstein-to-vote-on-casino-ban2.jpg\" style=\"width:100%\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Critics say the gambling industry risks damaging the reputation of the country, which was on an international blacklist of tax havens until it began relaxing bank secrecy laws more than a decade ago. The referendum, and the signatures needed to make it possible, were launched by the IG VolksMeinung lobby group, which says it is fighting the &quot;casino deluge.&quot; <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">We don&#39;t want to establish ourselves as a beacon for casinos and poker in the center of Europe,&rdquo; said one of its members, Guido Meier, during a debate on the referendum. &quot;It&#39;s a big reputation problem,&quot; he said. If the ban wins in the referendum, the casinos must close within five years. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Major international gaming operators are behind some of Liechtenstein&#39;s casinos, including Austria&#39;s Novomatic AG, whose sister company Gryphon Invest AG indirectly owns majority stakes in half of the principality&#39;s gambling houses. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&quot;We hope voters will heed the advice of both major parties, as well as the economic chamber and other institutions, and recognize that a well-regulated market is better than an outright ban,&quot;<\/em><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> Gryphon told Reuters in a statement.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&ldquo;<span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">What we are doing is in accordance with the law and in some cases even exceeds the level required by law,&rdquo; said Liechtenstein Casino Association President and Grand Casino Director Reinhard Fischer, refuting the claim. Argument that the sector represents a threat to the country&#39;s reputation. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Six currently operate in the microstate of just 40,000 people, earning it the nickname &#8220;Las Vegas of the Alps&#8221; among gamblers, who flock from neighboring Germany, Switzerland and Austria to try their luck.<\/p>\n","protected":false},"author":1,"featured_media":6516,"menu_order":386,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3721,3722,3720,3724,3723],"class_list":{"0":"post-6515","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-000-people","8":"tag-earning-it-the-nickname-las-vegas-of-the-alps-among-gamblers","9":"tag-six-currently-operate-in-the-microstate-of-just-40","10":"tag-switzerland-and-austria-to-try-their-luck","11":"tag-who-flock-from-neighboring-germany","12":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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