Portugal grants eight online gambling license
The local regulator issued the eight license to provide iGaming services in Portugal to Estoril Sol.
Portugal.- The Serviço Regulação e Inspeção de Jogos do Turismo de Portugal -SRIJ- (Regulatory and Inspection Service of Portuguese Tourism Games) revealed that Estoril Sol obtained an online gaming license to operate in the country, becoming the eight company to possess a permit.
The company, which already operates iGaming services in Portugal, now has the chance to offer sports betting activities, with a sports book powered by Belgian GAMING1. The company that operates the Casino Estoril, Casino Lisboa and Casino da Póvoa has been in Portugal for more than five decades, as Casino News Daily reported. Last week, SRIJ announced the second quarter results of 2017, where online gambling licensees reported revenue of US$30 million.
The seven licensees’ results establish the first series of decline ever since the market was launched a year ago, and the second-lowest since the third quarter of 2016, when US$28.4 million were reported. To the end of June, the online gambling market in Portugal has generated revenue of US$127 million approximately. As the SRIJ reported, sports betting revenue has been falling for twelve months straight, mainly because the peak happened during the Euro 2016 tournament. The gambling activity generated US$16.4 million in the three month period ending June 30, 20 percent lower than the first three months of this year.
