Seventh Online Gambling Licence Given Out By Portuguese Gambling Regulator

The seventh licence for the provision of online gaming services was given out by the Portuguese gambling regulator, SRIJ (Serviço de Regulação e Inspeção de Jogos) on Monday to a Portuguese betting and casino company, Sociedade Figueira Praia.

The betting company under the Casino Portugal brand will provide its online gambling customers with sports betting options.

April 2015 saw the new gambling regulatory framework in Portugal that opened the market for licenced operations in the country, though SRIJ started giving out the licences in May 2016 to the national and international operators.

The gambling market could attract only 5 different operators for licencing so far, that included 2 licensees being issued two licences for sports betting and casino games each and a sports betting, a casino, and a single poker licence to different individuals.

Portugal adopted the online gambling regulation after the EU authorities urged it to. Portugal, however, failed to create a gambling environment to attract the major International operators.

The reason cited by many individuals is the heavy taxation imposed by the Portuguese lawmakers, where the local players are obliged to pay a 16% tax on their stakes and casinos are expected to pay up to 30% on their full-year revenue.

Recent Posts

Sportsbet.io and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

5 days ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

1 week ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

4 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

1 month ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago