Portugal Issues First Online Casino Licence
By Casinomeister, Last updated Jul 29, 2016
But fears linger that high taxation rate will discourage operators
At least one online casino operator is undeterred by Portugal's relatively high 15 percent of GGR tax rate – national regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal announced Monday that it has issued its first online casino gambling licence to Estoril Sol Digital Online Gaming and Products Services SA, which will operate the website Estroilsolcasinos.pt, powered by Belgian provider Gaming1.
The owner of Estoril Sol Digital Online Gaming is a major Portuguese land operator with three local brick and mortar operations and revenue of over Euro 180 million last year … the chairman has a well-known name in gambling circles, albeit in a different geographical region – Stanley Ho of Macau fame.
The new licence is a first for online casino action, but joins two others that have been issued to Betclic and BET for online sportsbetting activity.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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