Industry News

Casinos Austria to Close One of its Lichtenstein Casinos

Published

3 years ago

July 4, 2022

Reading Time: < 1 minute

Casinos Austria International Holding GmbH (CAI), owner of the casinos in Schaanwald and Balzers casinos in Lichtenstein, has decided after a market analysis to shut Casino 96 in Balzers on July 11. The decision was made to focus more on entertainment and, therefore, to focus entirely on Casino Schaanwald.

The casino was opened in September 2020, with 75 slot machines and four tables for live games. The concept in Balzers differed significantly from Schaanwald, taking the design of a traditional industrial factory as a reference to the location. The casino was located on Fabrikstrasse, the name of which goes back to one of the oldest Liechtenstein industrial companies, which is now part of the Swiss Oerlikon Group and continues to be very successful.

The casino in Schaanwald opened in October 2017 with 130 slot machines and eight live game tables. In the second full year of operation in 2019, it was able to increase gross gaming revenue by almost 20% compared to the previous year. Although the casino density in Liechtenstein doubled in 2019, Schaanwald’s gaming results were almost 10% higher than the previous year until the Corona shutdown in mid-March.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.