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Casino Portugal issued ninth Portuguese online gambling licence

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7 years ago

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New online license issued in Portugal
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Regulatory and Inspection Service of Portuguese Tourism Games (Serviço Regulação e Inspeção de Jogos do Turismo de Portugal / SRIJ) announced that Sociedade Figueira Praia is set to operate an online casino under the Casino Portugal brand. The company that received the ninth online gambling license in the country had received an online sports betting license in June.

Chairman of Sociedade Figueira Praia’s parent company Amorim Turismo, Jorge Armindo Teixeira, said that the expansion to the online sector is intended to consolidate the growth achieved in the first months of sports betting operations. The ninth licensee casinoportugal.pt will count with the help of providers iSoftBet and NetEnt to fill its online casino portfolio.

Last month, SRIJ granted Estoril Sol a sports betting license. The company that operates the Casino Estoril, Casino Lisboa and Casino da Póvoa has been in Portugal for more than five decades.

Moreover, SRIJ also announced the second quarter results of 2017, where the seven registered online gambling licensees reported revenue of US $30 million. The results establish the first series of decline ever since the market was launched a year ago, and the second-lowest since the third quarter of 2016, when US $28.4 million were reported. To the end of June, the online gambling market in Portugal has generated revenue of US $127 million approximately.

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George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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