Portugal Gambling License
888 has been awarded an online casino licence by Portuguese regulator Regulação e Inspeção de Jogos (SRIJ) as the operator further expands its regulated footprint.
The new licence will enable 888 to offer online slots, table games and a range of poker variants via its 888.pt site.
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. Online Casinos in Madeira. As it is the case with Portugal, Madeira has two licensed internet casino sites.The work of the online casinos is regulated by the Decree-Law No. 66/2015, from 29 April as well as the amendments of the special casino laws in the country such as the Gambling Law (Decree-Law No. 422/89, from 2 December, amended by the Decree-Law No. 114/2011), the Ordinance No. GamblingJudge – Best sports and casino bonuses and reviews! Find here the latest information on betting bonuses, sportsbook reviews and casino reviews tested by a team with 10+ years of experience. See the best bonuses and bookmakers in your country and find which payment method is suited for you. 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.
The operator plans to use its poker licence to allow Portuguese players to play with Spanish counterparts, through the liquidity sharing agreement linking the markets, along with France – where 888 is no longer active – and Italy, which is yet to join the cross-border network. This will mark the first time 888 has pooled liquidity between European markets.
The Portuguese licence comes after 888 was last month also granted approval to offer its online gambling services in the newly regulated Swedish market, which launched on January 1.
It is also the 16th licence to be issued by SRIJ since the country's regulated igaming market opened for business in June 2015.
Itai Pazner, who was last week confirmed as the new chief executive of 888, commented: “This latest licence approval is another important step in 888’s growth strategy which is focused on diversification and expansion across regulated markets.
“The launch of the flagship 888Casino brand in Portugal provides good growth opportunities for 888 and we are also very excited about the forthcoming launch of the group’s European interstate poker network which will pool players across Spain and Portugal and deliver them a first-class poker experience on 888’s new Poker 8 platform,” he added.
Portugal Gambling License Plates
In addition to Portugal and Sweden, 888 holds licences in the UK, Spain, Italy, Denmark, Ireland and Romania, as well as Nevada, New Jersey and Delaware in the US.
Portugal has announced the issuance of its eighth online gambling license, expanding the country’s regulated iGaming environment. Gambling regulator Serviço de Regulação e Inspeção de Jogos has granted to Estoril Sol the permission to offer online sports betting services. The license represents the eighth issued by the regulatory body since Portugal ratified legislation early last year legalising and regulating online gambling and sportsbetting.However, it is the second license for Estoril Sol which had already been operating online casino services. The company obtained the first online gambling license back in May 2016.
The firm has announced that it will use Belgian platform Gaming1 to offer a range of sportsbetting markets at its website Esconline.pt alongside the developer’s innovative Opti-Odds feature to boost the odds on any multiple bet slips.
In an official statement, Rui Magalhaes, Chief Executive Officer for the Estoril Sol digital subsidiary said: “Since moving online, we’ve enjoyed great success and the next logical step for us was to bolster our offering with sportsbetting.
Portugal Gambling Authority
“By combining our knowledge of the Portuguese market with Gaming1’s state-of-the-art technology and online sportsbook expertise, we were more than confident to offer sportsbetting to our players.”