Portugal Gambling Regulator
Portuguese casino revenue has yet to fully recover from the impact of the global financial crisis, having fallen from a peak of €386m in 2008 to €309m in 2017, the most recent year for which data is available.
Portugal Gambling Regulator Stocks
Latest News & Events. Invitation to Betting on Sports Europe – Digital, 21-22 October 2020 October 15, 2020; GREF conference 2020 cancelled due to Covid-19 April 9, 2020; Covid-19 related statements by GREF members April 7, 2020.
Land-based casinos in Portugal are restricted to specific gambling zones: Açores, Algarve, Espinho, Estoril, Figueira da Foz, Funchal, Porto Santo, Póvoa de Varzim, Troia and Vidago-Pedras Salgadas.
There are 12 casinos and one gaming room in operation in Portugal
- Portugal's newly approved online gaming regulation aims to regulate online poker, online casino and online betting in order to create a safer environment for the country's players and - at the.
- Portugal’s parliament is due to discuss the regulation of online gambling before the start of summer break.
- So this set the stage for a more reasoned approach to the issue of online gambling regulation which is now in the works. Portugal’s New Online Gambling Regulatory Scheme Some new legislation is in the works in Portugal and they will soon have a regulatory scheme for online gambling in place, as several other countries in Europe have done.
Portugal Gambling Regulator Of Carbon Dioxide
Casinos can offer table games, including baccarat, blackjack/21, craps, cussec, American and French roulette and poker games.
The government may authorise other forms of games of chance at the request of existing operators, but the SRIJ must provide an opinion of the proposed activity. Casinos can also only use gambling material that has been previously authorised by the SRIJ.
Land-based poker is only allowed within casinos, either in cash games or tournaments, as it is considered a game of chance in Portugal.
Portugal’s gambling regulator, the Regulation and Inspection Service of Games (SRIJ), is a component of the Tourism Office.
Aside from casinos, the gambling market in Portugal is dominated by Santa Casa, an historic charitable organisation which holds a monopoly over lottery games, land-based betting on sports and horseracing.
A liberalised online gambling market was introduced in May 2016, but has faced challenges due in large part to a tough tax regime, with online casinos taxed at a variable rate of 15-30 percent of GGR, but is now worth roughly 4 percent of market-wide GGR.
It was confirmed in October 2018 that initiatives to soften Portugal’s online gambling tax regime, through a consolidation of online gambling tax at 25 percent of GGR, were to be excluded at the last minute from the 2019 Budget
A working group set up to analyse potential tax changes in Portugal was then due to report in February, 2019, but failed to publish any findings.