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Portugal parliament Approves Online Gambling
Thursday July 31,2014 : PORTUGUESE PARLIAMENT APPROVES ONLINE GAMBLING LEGALISATION
Regulator has another 180 days to get regulation up and running...and EC approval is still awaited.
Portugal's bid to liberalise and regulate its online gambling market moved another important pace forward this week with the news that the national parliament has approved the empowering legislation, which gives the proposed regulator 180 days to set up shop and frame the regulations and tax and licensing process.
The European Commission's approval of the final legislation is also awaited, but Portuguese sources say this should be a formality.
The new legislation largely does away with the monopoly enjoyed by the national lottery Santa Casa da Misericordia, and observers expect the tax burdens to be significant for operators in the Portuguese market.
There have been predictions that online sports betting operators could face up to 16 percent taxation on GGR, with casino gaming licensees hammered even heavier at up to 30 percent.
The Remote Gaming Association, a European trade body that represents the interests of online gambling operators, has already been critical of proposed Portuguese tax rates, warning that the rates being bruited about would make the market untenable for operators, and that special tax rates for the retained retail sports betting activities of Santa Casa da Misericordia are unfair
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Final 12 For MPNPT Morocco -
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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.
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