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 website, becoming the third company licensed to hold a sports betting licence in the country, joining 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 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 and

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.

Share This Post


More News

After a second period of COVID-19 forced closures, French casinos are set to reopen their doors from 15 December, according to trade union Casinos de France. France has been in its second...

Gambling Insider speaks with Ocean Casino Resort CEO Terry Glebocki and AGS CEO David Lopez about