Portugal’s Gambling Regulator Issues Sports Betting Licence

EEGaming
 
Portugal’s gambling regulator grants the thirteenth licence to a sports betting operator.
 
The countries gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), announced that it has issued an online sports betting licence to SAS Social Betting, Gaming and Gambling Online, SA.
 
The gambling regulator body’s licence will grant SAS’s Placard.pt domain to operate online sport bettings. Placard.pt being the offline brand of Santa Casa da Misericordia de Lisboa (SCML), a state lottery monopoly which made public its intentions to apply for a licence a couple of years back.
 
The launch comes a few days before the 2018 FIFA World Cup starts in Russia, and SCML expects a big volume of customers after the competition ends.
 
The online gambling market has achieved a year-on-year boost in the Portuguese market, which completed its first year of legal operations in 2017. The first three months of 2018 saw online gambling operators generate €33.8 million, which is €2.5 million higher than the same period in 2017. However, the number is €2.7 million lower than the previous quarter (17Q4).
 
Online sportsbooks finished the first quarter with flat results, as they generated €17.4 million, but approximately €3m less than the fourth quarter of 2017. The most popular sport continues to be football, as it accounted for over three-quarters of the total betting turnover, followed by basketball and tennis, with 10.6 per cent and 9.6 per cent of the market respectively.
 

 

14.06.2018

New igaming brand Klasino.com has become the latest operator to join the software platform of content and platform provider White Hat Gaming.

19.06.2018

The new Gaming Act comes as the first revision of Malta’s gambling legislation in fourteen years and was initiated by the Malta Gaming Authority’s former Executive Chairman, Joseph Cuschieri.

19.06.2018

The AGA campaigned for legalised sports betting in the latter stages of New Jersey’s protracted litigation for sports betting liberalisation in which it was opposed by the national sports leagues.

19.06.2018

Experts are mentioning numbers as further proof that the Georgian government needs to get a hold of the evidently out-of-control gambling industry.

19.06.2018

`