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Portuguese Council of Ministers approves gambling bill

Government hopes to garner Euro 25 million in tax revenues.
It's taken around four years, but the Portuguese Council of Ministers has at last approved the nation’s gambling reform bill, which includes provisions for the legalisation and regulation of online gambling.
The government hopes to gather in an additional Euro 25 million in tax revenues flowing from the bill, which is scheduled to come into force before the end of 2015.
In a press release this week, the Portuguese government advises:
"The bill will proceed with the regulation of online gambling in line with the recommendations issued by the European Commission on this matter and international best practices."
The bill embraces both casino and poker activity online, along with sports betting. The measure now goes before national President Aníbal Cavaco Silva for formal signature before publication in the government gazette.
Portuguese authorities seem confident that the first licenses, valid for three years and renewable, will be issued to suitably qualified companies around the third quarter of 2015.
The national regulator will be Turismo de Portugal, which reports to the Ministry of Finance. The Turismo de Portugal will create a new Gambling Commission to handle the responsibility for regulation and licensing.
Tax levels for online casino and poker will depend on GGR and range from 15 to 30 percent, whilst sports betting will have a more reasonable tax obligation ranging between 8 and 16 percent
The gambling reforms include stiffer regulations on gambling advertising, with restrictions on hours on which television or radio ads can be flighted.

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Gambling News :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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