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Portugal more liberal online gambling environment

Monday October 7,2013 :  GOOD NEWS FOR PORTUGUESE ONLINE GAMBLERS
 
Government moves toward a reform to a more liberal environment.
 
Portuguese punters may soon be able to enjoy a wider choice beyond the monopoly of Santa Case de Misericordia de Lisboa in legal online gambling....current media reports from the EU nation indicate that government has an appetite for reform, if only to generate additional revenues for its cash-strapped coffers.
 
Earlier this week the government announced the formation of an investigative group charged with preparing a report and recommendations on how online gambling should be regulated and licensed in a more open market...it's still only a preliminary step, but it's in the right direction.
 
The group will almost certainly study regulations in other EU countries along with the policies of the European Commission and recent recommendations to the European Parliament.
 
Logically it should also study the wider international market and the trends that have evolved there among successful regulatory jurisdictions and enterprises.
 
Two years ago an independent survey estimated that a more open online gambling market could net the Portuguese government around a quarter million Euros in licensing and tax revenues if implemented sensibly - that's a strong inducement for a government wallowing in debt and suffering the effects of the European recession, although any new dispensation will probably be dressed up as consumer protection as has been the case with other governments.
 
What the Portuguese would be wise to avoid is over-taxation and over-restriction.
 
Careful study of the declining markets in France and Spain, along with the results of recent independent studies by respected international business service providers, will find convincing arguments against ring-fenced national markets and heavy tax percentages on gross gaming revenues rather than less greedy government takes on net revenues.
 
And allowing punters to claim rebates for losses as well as paying tax on winnings may encourage them to patronise locally licensed sites rather than offshore operators.



Gambling News :

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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