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Portuguese Casino Association Happy On Internet Gambling Progress
Friday June 27,2014 : PORTUGUESE GAMBLING ASSOCIATION LAUDS PROGRESS ON INTERNET GAMBLING
But warns that its support is contingent on licenses for existing (land) concession holders only.
The Portuguese Casino Association, a trade body representing the interests of land gambling operators in the Portuguese market, has welcomed the progress being made on internet gambling licensing and regulation....but only as long as licensing is restricted to existing [land] concession holders.
Jorge Armindo, president of the PCA, told the Lusa News Agency Thursday:
“It is good that online gambling is getting regulated and becomes a legal form of gambling [although] the means chosen may not have been the most appropriate.”
Armindo stressed the need for exclusivity in licensing, commenting:
“Our position has always rested on the right of concession holders to exclusivity in online gaming, indeed, in alignment with the concession that was attributed to us in 2001 and for which we paid many millions of euros at the time.”
However, the government clearly has a different view, encouraged by the European Commission.
During a government press conference Thursday, State Secretary for Tourism, Adolfo Mesquita Nunes described the legislative proposal for Internet based gambling, and explained that the measure is still subject to parliamentary approval as “...an open regime, by licensing, without any concession of exclusivity.”
Nunes said that he wanted the legislation enacted before the end of this year, and stressed that it was based on best European practices, European Commission recommendations and a study of comparative legislation.
Questioned by reporters on the future of Santa Casa da Misericórdia, the charitable institution that runs the state lottery monopoly, Nunes said “…sporting bets within the territorial framework would be granted to Santa Casa thus leveraging its already acquired experience.”
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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