Portugal Gambling License

4/4/2022

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Portugal Gambling Authority
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Portugal Online Gambling License
Portugal Gambling License Plate

GamblingCompliance Regulatory Briefing: Portugal’s New Online Gambling Law

With the participation of thePortuguese Gambling Regulator – SRIJ (speaker TBC)

An in-depth look at the country’s new gambling regulation and what it means for the industry

14th October 2015, Hotel Myriad, Lisbon, Portugal

Portugal Gambling Authority

On 29 April 2015, the Portuguese government approved the law for online gambling in Portugal. Two years after the law came into force, Turismo de Portugal, which is responsible for this activity, had received 19 applications and attributed six licences. Portugal has proposed a new 25% tax on online gambling revenues in the country as it looks to make significant changes to its gambling sector in order to meet budget demands. Previously, Portugal imposed a punitive tax in place on sports betting revenue, which could now be abolished. Q&A: Online Gambling in Portugal Amendments to Decree-Law No. 66/2015, which implements the local licensing regime, were passed in the 2020 state budget, changing the.

The final requirements needed to start the online licensing procedure in Portugal were published in June 2015 by the state regulator, Turismo de Portugal. This new legislation requires all online operators and testing labs to obtain licences in 4 different fields:

fixed odds sports betting
horse race betting
bingo
games of chance, including casino games and poker.

However, the newly established Portuguese Gambling Inspection Service hopes to issue the first online licences by the end of the year, creating a gap of six months where operators cannot hold a permit, but could be considered illegal. This leaves overseas companies with something of a dilemma – switch off operations for around six months or potentially risk being denied a licence.

This GamblingCompliance Regulatory Briefing will:

Look at the implications of this new legislation for the Portuguese gambling industry.
Draw on the lessons learned from other jurisdictions where similar legislation was introduced.
Provide operators with an opportunity to engage with the regulator, and also key experts in the Portuguese gambling industry.
Delve into the regulation from a tax, advertising and licensing perspective to ensure that every implication is covered.

Taking place at The Crystal Centre in the Myriad Hotel in central Lisbon on the banks of the Tagus River this one-day conference will give all attendees a broad overview of the current regulation in Portugal as well as networking opportunities during the coffee breaks, lunch and drinks reception.