Portugal’s online gambling keeps growing
Despite the good results during the first quarter of the year, Portugal is still struggling to get new investors.
Portugal.- The gambling regulator from Portugal, the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), reported the results that showed the second half of 2016 and first quarter of 2017 numbers.
The regulatory body concluded that the six companies that hold licenses in the country generated revenue of approximately US$35 million during the first three months of the year that ended on March 31. The number represents a 13.7 percent increase when compared to the US$30 million that five licensees registered during the last three months of 2016, as CalvinAyre reported.
Whilst the sports betting market has shrunk from the US$20 million reported in the last quarter of last year to US$19.5 million in the first of 2017, companies Bet Entertainment Technologies and Betclic have collected 70 percent of the revenue total with US$64.8 million.
Back in November, the European country granted PokerStars the first online poker and casino license. SRIJ granted the license to REEL Europe Ltd, the international filial which operates Pokerstars.pt gaming platform.
