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It's taken almost a decade of lobbying and political debate, but legalisation and regulation achieved at last.
June 28 this year will be an online gambling occasion to remember in Portugal; that's the date set for the implementation of the country's online gambling regulatory and licensing regime.
It's the culmination of almost a decade of lobbying and political debate, but on Wednesday this week the government's Secretary of State for Tourism, Adolfo Mesquita Nunes, announced the launch date and confirmed that players both within Portugal's boundaries and those outside them will be able to play on Portuguese licensed and regulated sites.
Applications for licensing from both Portugal and the international community will be entertained, Nunes confirmed.
“We are preparing everything so that on June 28 the technical control structure is operating," he said Wednesday.
"The intention is to sign up as many operators as possible, particular international ones,” Nunes said, promising that the licensing process would be thorough but swift and efficient.
Regulation and licensing for all forms of online gambling will be the responsibility of Santa Casa de Misericordia de Lisboa, the controller of all gambling in the country, and revenue for the government will be generated by selling three-year licenses and from a 15 to 30 percent tax on turnover
For the protection of players, applicants will have to lodge financial guarantees, and they will have to have local representation and use Portuguese financial institutions.
Nunes again warned that the licensed and regulated operators in Portugal will be protected by strict enforcement measures against illegal operators seeking to access Portuguese punters. These will include if necessary financial measures and the blocking of illegal websites.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

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Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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