Portuguese State Charity Wants In On Online Gaming

Applies for Sportsbetting, horserace betting and games of chance licensing

Portuguese state-run charity Santa Casa da Misericórdia de Lisboa (SCML) has announced the creation of a consortium which will "affirm itself as a major player in the Portuguese online gaming market" should it receive relevant licensing.
SCML holds a 54 percent stake in the newly formed Sociedade de Apostas Sociais, S.A. (SAS) consortium, União das Misericórdias Portuguesas (UMP) 16 percent, Fundação Montepio Geral 15 percent, Cáritas Portuguesa 7.5 percent and ACAPO 7.5 percent.
A statement from SCML indicates operations will begin as soon as the relevant licenses have been issued by the regulator to which SAS has applied for sports betting, horserace betting and games of chance.
Eduardo Martinho, vice-president of SCML, will lead the consortium which he says is "totally committed to mobilize the necessary resources for a project of great ambition."

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,461


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 astrophography.

See More Posts