2020_11_betinvest.gif
2020_11_betinvest.gif
2020_11_betinvest.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2020 AffiliateCon
NEWS 27 June 2017

Seventh iGaming licence issued in Portugal

By Tom Lewis
The Portuguese gaming regulator - Serviço de Regulação e Inspeção de Jogos – has issued the country’s seventh online gambling licence to sports betting operator Figueira Company Praia.

The operator will provide its sports betting offering through its CasinoPortugal.pt website, becoming the third company licensed to hold a sports betting licence in the country, joining Bet.pt and Betclic Everest.

Betclic was the first operator to launch in Portugal’s regulated online market in May 2016.

The Portuguese Council of Ministers implemented legislation in June 2015 to open up the market to international operators, bringing to an end the monopoly of government-owned charity entity Santa Casa da Misericórdia de Lisboa.

Both Betclic and Bet.pt are also licensed to offer online casino in the country, taking the total of operators supplying the vertical in the country’s regulated market to four, alongside Pokerstars.pt and Estorilsolcasinos.pt.

Online casino and poker are taxed at between 15% and 30% of gross gaming revenue, capped once annual income reaches €10m, while Portugal imposes a turnover tax on sports betting of between 8% and 16%.

The regulator revealed that the online gambling market in the country was worth €82.2m between May 2016 and 31 March 2017.
RELATED TAGS: Legal & Regulatory
2020_7_fsi.gif
GI FRIDAY: WEEKLY NEWSLETTER
THE GI HUDDLE PODCAST
NEW! #006 - LISTEN NOW
Gaming Industry Conferences (22:37)
#005 - LISTEN NOW
The role of gambling media (27:11)
#004 - LISTEN NOW
What is the role of a Gambling regulator? (29:09)
#003
The Future of Gambling Sponsorship in Sport (30:50)
MUST READ
IN-DEPTH 16 March 2020
Is there an ideal RTP rate?
READ MORE
PREMIUM CONNECTIONS
Affiliate
1xPartners
VIEW PROFILE
PR and Marketing
ActiveWins
VIEW PROFILE
Industry Awards
Global Gaming Awards
VIEW PROFILE
Systems and Software
Efbet
VIEW PROFILE
Systems and Software
BetConstruct
VIEW PROFILE
Systems and Software
BBIN
VIEW PROFILE
Systems and Software
Newgioco Group
VIEW PROFILE
Systems and Software
NSoft
VIEW PROFILE
Legal and Jurisdictions
Digital Isle of Man
VIEW PROFILE
Payments
Zimpler
VIEW PROFILE