European microstate approves gambling continuation
Date
1/30/2023 7:49:56 AM
(MENAFN) On Sunday, Liechtenstein voters rejected a proposal to outlaw casinos, choosing to preserve the little nation's status as the "Las Vegas of the Alps." The king of Liechtenstein opposed the prohibition, and the administration there maintained that gambling generates important tax money.
According to a government count, 73 percent of voters opposed the ban, and 27 percent supported it, in the referendum that was brought about by a regional anti-gambling group. Around 70 percent of the 40,000 residents of the principality cast ballots.
In Liechtenstein, a nation the size of London, where gambling has only been permitted since 2017, there are presently six casinos open for business. A pro-gambling activist told Reuters last week that the casinos presented "a big reputation problem" for the nation and that opponents of the ban didn't want their country to become into "a casino and poker hotspot in the middle of Europe."
Deputy Prime Minister Sabine Monauni informed the news agency that such a move would be "too radical" and that gaming money is "relevant for our budget" in a statement made in opposition to the ban by the prince and political leaders of Liechtenstein. The state received more than USD54 million in tax revenue from casinos last year.
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