Portugal Gambling Regulator
The Portuguese parliament is set to discuss the possible regulation of online gambling and a decision and new bill are expected before the end of the session on 10 July.
The data collected by the Gambling Regulation and Inspection Service (SRIJ), shows that 'operators are interested in offering games in Portugal in a legal and regulated manner and players are increasingly favoring betting on secure sites that inspire more confidence.' The Portuguese Association of Online Betting and Games (APAJO) is calling on authorities to take more action against illegal gambling operators, following the findings of a new study on gambling habits. Regulatory News Updates – June 1-June 5, 2020. 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.
The Ministry of EconomicsPortugal Gambling Regulator Gambling
has drawn up aPortugal Gambling Regulator Of Energy
final bill proposal which would allow foreign operators to receive licenses and set tax rates for online gambling at around 15-20%.
The licenses would be issued by a state-controlled committee, a system that is similar to the ones in place in neighboring Spain, France and Italy.
The drafts of the bill that circulated in 2013 were less liberal in their approach. Currently all the country’s gambling is regulated by a 500-year-old religious organization, the Santa Casa da Misericordia de Lisboa (SCML).
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The organization uses the profits it gained from gambling towards charitable causes. The more liberal approach in the final proposal is likely due to the country’s difficult economic position which could be relieved through gambling taxation.
Portugal Gambling Regulator Circuit
However, Pedro Santana, the head of SCML remains hopeful, “If the state gives us, as we hope, the opportunity to exploit sports betting, we have everything ready to begin immediate investigations, which is not the case with other operators interested in this legislation.”