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Compliance Updates

Portugal issues license to Luckia’s online casino

Published

7 years ago

on


Portugal issues license to Luckia’s online casino
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The Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), Portugal’s gambling regulatory body, has issued a license to Spanish gaming company Luckia to operate online casinos and sports betting facilities. Luckia Gaming Group will operate in the country using the Luckia.pt domain.

The Luckia.pt domain is still under wraps, which kind of reflect the lack of urgency from Luckia. José González Fuentes, the company president, said that Luckia did not have “much ambition in Portugal because it is a modest country,” but the market was nonetheless important due to its “proximity” to Luckia’s Spanish home base.

Fuentes also noted that the tax burden Portugal imposed on its online gambling was “very high,” which would make posting an online gambling profit “not easy.” Portugal taxes online casino and poker revenue at an incremental rate of 15–30 per cent, while sports betting is taxed anywhere from 8 to 16 per cent of wagering turnover.

These taxes are one of the reasons why just eight operators hold all the 15 online licenses in Portugal. Several top-notch companies consider Portugal’s regulated market as not profitable.

Luckia is expanding, as it already obtained a license in Colombia’s regulated online gambling market.

 

Source: CalvinAyre

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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