Liechtenstein, a European nation known for its meticulous approach to gambling regulation, has announced the extension of its online gambling ban until 2028. This decision underscores the country’s commitment to maintaining control over its gambling landscape and prioritizing player protection.
Liechtenstein takes a decisive stance on online gambling, extending its ban for another six years while reinforcing player protection measures.
The Liechtenstein government’s move to prolong the online gambling ban reflects a cautious and calculated approach towards gambling regulation. To bolster cross-border gambling oversight, the country has entered into an information-sharing agreement with Switzerland, set to take effect next year. This collaboration aims to enhance player protection and ensure effective management of gambling activities across borders.
Amidst a growing global focus on responsible gambling, Liechtenstein’s actions demonstrate a proactive approach to safeguarding players and managing the gambling sector. The information-sharing arrangement with Switzerland exemplifies the importance of international cooperation in regulating gambling activities and protecting players.
Keep an eye on Liechtenstein’s evolving gambling landscape. The nation’s strategic decisions and regulatory measures offer insights into balancing gambling opportunities with responsible governance.
Liechtenstein legalized land-based gambling in 2010 and has since seen the establishment of six physical casinos, doubling the count from 2019. Despite this growth, the country has implemented measures to manage the sector’s expansion, including the closure of Casino Bazers by Casinos Austria in September 2022 and a recent ban on new land-based casinos.
In a significant referendum this year, Liechtenstein voters decisively rejected a proposal to ban land-based casinos entirely by 2028, with 73.3 percent voting against the ban. This result, achieved with a 70 percent voter turnout, illustrates the public’s stance on maintaining land-based gambling while adhering to responsible regulatory practices.
As Liechtenstein navigates its gambling regulations, balancing growth with player protection, the nation serves as a case study in managing a gambling ecosystem within a defined regulatory framework. The extended ban on online gambling and the collaborative efforts with Switzerland are key components of Liechtenstein’s comprehensive approach to gambling regulation.
SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report
In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.
Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.
A Year of Remarkable Growth
Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.
Expanding Reach and Impact
One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.
Introducing the Prime Jackpot Campaign
A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.
Insights from SOFTSWISS
Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.
Looking Ahead to 2024
In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.
Meet SOFTSWISS at ICE London
The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.
SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.
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