Luxembourg's gaming ecosystem is compact and predictable: Casino 2000 forms the main offline revenue, complemented by Loterie Nationale revenue from lotteries and sports betting.
Fiscal revenues consist of game tax, license fees and corporate taxes of operators, and employment is concentrated in operational and service roles (gaming flora, F&B, events, security) plus indirect jobs at suppliers and in tourism.
The spa profile of Mondorf-les-Bains and proximity to France/Germany/Belgium ensure a steady flow of guests.
The lack of private online casinos makes the digital contribution limited: the online sector is represented by government products and does not create an "explosive" growth in GGR.
The market is focused on stability, controlled advertising and responsible play; key drivers - event tourism, premium service and operational efficiency of a single site.