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Portuguese online gambling market will be liberalised June 28

 L-DAY CLOSE FOR PORTUGUESE ONLINE GAMBLING
 
Portuguese online market will be liberalised June 28.
 
The long-awaited liberalisation of the Portuguese online gambling market is now on the near horizon as the country prepares for licensed and regulated activity commencing June 28.
 
Portugal's Secretary of State for Tourism, Adolfo Mesquita Nunes reiterated this week: “We are preparing everything so that on June 28 the technical control structure is operating. We want to sign up as many operators as possible, particularly international operators.”
 
Mesquita Nunes has repeatedly confirmed that there is no limit to the number of licenses available, that the market will be open to all, and that the first licenses will be issued shortly after the launch date.
 
Earlier this year Portuguese president Aníbal António Cavaco Silva signed the new licensing regulations into law as Decree-Law No. 66/2015  The cash-strapped country is hoping to realise an additional Euro 25 million for its coffers through the licensing and regulatory initiative.
 
There has been no indication that the government will reconsider the tax rates proposed for licensed operators, which have been criticised as too high by the Remote Gaming Association
 
Companies will pay tax at a rate of between 8 and 16 percent of sports betting turnover, and between 15 and 30 percent of casino and games revenue, whilst peer to peer betting, such as betting exchanges and cash poker, will be taxed at 15 percent on revenue.
 
It also appears that Portugal's land gambling industry is less than happy about what it sees as potential competition; Estoril Sol parent group Sociedade de Turismo e Diversões de Macau is on record as protesting that online gambling should have been restricted to existing land casino licensees, and that the tax rates proposed for online activity are lower than those levied on land casinos.
 
STDM claims that its loss-making Póvoa de Varzim casino pays 65 percent of gaming revenue in taxes, and its two other operations, Casino Estoril and Casino Lisboa pay up to 50 percent.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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