Casino Portugal awarded ninth Portuguese online gambling licence

In its announcement, the SRIJ confirmed the issue of the ninth online licence to Sociedade Figueira Praia, who plan to operate online casino gaming under its existing Casino Portugal brand. This news follows the firm receiving an online sports betting licence from the SRIJ in June.

Chairman of Sociedade Figueira Praia’s parent company Amorim Turismo, Jorge Armindo Teixeira, said the firms expansion into the online casino gambling arena was aiming to “consolidate the growth achieved in the first months of exploitation of sports betting”.

Eight of the nine online licences issued by the SRIJ are shared between four companies, including the Sociedade Figueira Praia. The other current licence holders are the Betclic Everest Group, BET Entertainment Technologies and Estoril Sol, all of which operate both casino gaming and sports betting sites. The sole Portuguese online poker licence is currently held by industry heavyweight PokerStars.

Following Portugal’s move towards regulated operations in 2015, the Portuguese online gambling industry has grown to an estimated market value of €82.2m, in the period May 2016 – March 2017 according to figures released in June by the SRIJ. Its report revealed that the countries licenced operators generated a total of €31m during the first quarter of 2017, up 13.7% from the previous quarters €27m.

Stay updated with GI

Follow Gambling Insider for independent news, analysis and industry expertise.

Add as a preferred source on Google

Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

Visit Profile