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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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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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