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Portugal’s high tax a hindrance to gambling market’s growth?

Niji Narayan

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Photo credits: https://calvinayre.com
Reading Time: 1 minute

The tax regime imposed by Portugal’s three-year-old gambling law seems to be a hindrance for new gambling companies. As per the law, remote gambling operators need to get a license from the country’s gambling regulator Serviço de Regulação e Inspeção de Jogos (SRIJ). How many operators obtained license in the last two years? Zero.

The first company to get the license under the new law was Betclic, owned by the French gambling group Betclic Everest Group, back in May 2016. The license was for sports betting. Eleven more licenses followed, three for sports betting, and eight for online casino and poker.

 

The tax regime of Portugal’s market drew quite some criticism not just from the union but also from gambling industry stakeholders. The bone of contention is the decision of Portuguese lawmakers to tax online sports betting services on turnover and online casino games at a significantly higher rate on revenue than usually implemented in other European countries was met with strong negative reactions.

Industry stakeholders urged Portugal’s government to review its new gambling law and swap the tax regime for a more reasonable one. Lawmakers, in turn, said that a review of the effectiveness of the new regulations would only be conducted two years after the first license was granted.

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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Gambling in the USA

Legal Sports Betting Begins in New York Casinos

Niji Narayan

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Legal Sports Betting Begins in New York Casinos
Photo Source: sportsnet.ca
Reading Time: 1 minute

 

New York Casinos have started legal sports betting. Bettors placed their first wagers on pro sports games following the Supreme Court’s decision to strike down a ban on the practice last May. Gamblers at the Rivers Casino near Schenectady plunked down bets on the New York Yankees, Seattle Mariners and tennis phenom Varvara Lepchenko.

“We’re going to get mobile sports betting before the middle of next year, it just has to be, because right now New Jersey is cleaning our clock when it comes to sports betting. I think New York should always be at the forefront of everything and right now we’re a little bit behind them,” Assemblyman Gary Pretlow said.

Sports betting is expected to raise millions of dollars as tax revenue. But proponents say the state is losing out on millions more because bets can only be placed at four upstate casinos rather than online and via mobile phone as is allowed in New Jersey.

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Africa

Vermantia to unpack bespoke solutions at SBWA 2019

George Miller

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Vermantia to unpack bespoke solutions at SBWA 2019
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Content and technology provider primed to grow African footprint

 

Vermantia, a leader in omni-channel content solutions, is set to showcase its range of bespoke products and services at Sports Betting West Africa (SBWA) 2019, which takes place from 23-25 July in Lagos, Nigeria.

Taking pride of place at the supplier’s stand #1017 will be its Ultimate Live Greyhound Channel, which offers a compact daily schedule of top-quality, fast-paced greyhound racing from the UK, Australia and the US, enabling betting on over 40,000 live races annually for a wide range of markets.

The display will also feature top performing virtual number games, available to African operators through Vermantia’s plug-and-play service.

Powered by the supplier’s CONNECT platform, both services are tailored to local betting requirements and delivered to Africa through Vermantia’s market leading satellite broadcasting, with a fully integrated Bet Acceptance System and Cashier to support wagering options.

Alongside this, African operators will be able to sample Vermantia’s new breed of cost-effective self-service betting terminals, specifically designed for African markets. Bundled with both card and mobile payment solutions as part of the plug-and-play betting environment, its SSBTs unlock a world of opportunities and customer convenience

Spyros Stavropoulos, Regional Director for Africa at Vermantia, said: “Our range of revenue generating live racing content, virtual number games as well as our cost-effective self-service betting options are primed for the African market.

“We are very glad to showcase our tested products and new releases in Africa for a third consecutive year and we look forward to hosting our friends and meeting new ones.

Vermantia aims to empower operators in the region through access to the best in terms of both content and technology, offering tailored solutions to our partners to ensure what they offer meets the betting needs of their local market. “

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Gambling in the USA

Rivers Casino & Resort Schenectady Makes History with Opening of New Sportsbook Lounge

George Miller

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Rivers Casino & Resort Schenectady Makes History with Opening of New Sportsbook Lounge
(L to R) Rush Street Gaming Co-Founder and CEO, Greg Carlin; Schenectady, New York Mayor, Gary McCarthy; Rivers Casino & Resort Schenectady General Manager, Justin Moore
Reading Time: 4 minutes

 

 Rivers Casino & Resort Schenectady officially launched legal sports betting in New York State with the opening of its new Rivers Sportsbook lounge.

 

“We’re so proud to be the first gaming operator in New York to take legal sports bets,” said Rivers Casino & Resort Acting General Manager Justin Moore. “Many people worked very hard to make legal sports wagering a reality in New York State, and we thank all of them for their tireless efforts and dedication. Sports fans and bettors from across the Capital Region and beyond will be thrilled with our new state-of-the-art Rivers Sportsbook lounge. We look forward to having them as guests at Rivers Casino & Resort and the City of Schenectady.”

Casino representatives, guests, and area dignitaries gathered at Rivers Casino today to cut the ribbon on the state’s first legal sports betting location. Opening Day of the sportsbook also included appearances by Super Bowl Champion and former New York Giants punter, Sean Landeta; Pro-Bowl safety and former New York Jet, Erik Coleman; and World Series MVP, New York Yankee great, Bucky Dent.

“We couldn’t be happier for our great community partner Rivers Casino & Resort,” said Schenectady Mayor Gary McCarthy. “It is indeed an historic day not just for the state of New York, but for the City of Schenectady. As Rivers Casino grows, so does its positive impact on our community. The opening of Rivers Sportsbook will surely attract even more guests to the property and to our great city. Looking ahead, we are also hopeful that our leaders in Albany will see how hard Rivers Casino is working to keep up with growing regional competition and recognize how important it is for them to address structural tax disadvantages in the market.”

The new Rivers Sportsbook, which was designed by DMAC Architecture of Chicago, is a luxury sports lounge and occupies just over 5,000 square feet.  Club chairs and table seating accommodate approximately 80 guests and include five private booths with TV monitors – each accommodating up to 6 people. The lounge also includes18 individual VIP seats and 32 tabletop seats.

Rivers Sportsbook has an impressive state-of-the-art 53′ x 9′ LED video wall that anchors the sportsbook viewing area, along with 22 additional TV monitors. The sportsbook also includes 14 betting kiosks and 6 staffed betting windows to accommodate guests. Rivers Sportsbook is located directly off the casino’s main gaming floor – adjacent to Van Slyck’slounge.

Rivers Sportsbook will offer betting on a wide array of sporting events including professional football, basketball, baseball, hockey, soccer, college sports and more. Bets are expected to include, but not be limited to, straight bets, parlays, totals, and in-game betting. Wagers can be placed at the betting counter with a live sportsbook writer during Rivers Sportsbook hours of operation or at a sports betting kiosk 24 hours a day.

Rivers Casino’s sports wagering supplier is Rush Street Interactive LLC (RSI), an award-winning gaming company that develops and operates real-money in-casino and online sportsbooks. Rush Street Interactive will bring the same high quality in-casino sportsbook solution to Rivers Casino & Resort Schenectady as players in the state of Pennsylvania have been enjoying since 2018. RSI provides its in-casino sportsbook service to the top two performing retail sportsbooks in the state of Pennsylvania; Rivers Casino Pittsburgh and SugarHouse Casino in Philadelphia collectively account for over fifty-percent of all retail sportsbetting handle in the state since the market opened.

Recently recognized as the number one tourist destination in the Capital Region, the sportsbook lounge will complement the wonderful amenities already offered by Rivers Casino & Resort Schenectady. Sports betters and fans alike will not only enjoy a world-class sports book, but they will also be able to experience top entertainment, premium dining, and  The Landing Hotel – Rivers’ luxurious riverfront hotel.

The Rivers Sportsbook hours of operation will be Monday – Thursday, 10:00 a.m. to 12:00 a.m.; Friday, 10:00 a.m. to 1:00 a.m.; Saturday, 9:00 a.m. to 1:00 a.m.; and Sunday 9:00 a.m. to 12:00 a.m., but are subject to change to accommodate athletic seasons.

There is a $5 minimum wager amount and all bets are cash only. Betting sheets with odds will be printed and available at Rivers Sportsbook. Must be 21 years of age or older to access the gaming floor and wager at Rivers Sportsbook.

 

ABOUT RIVERS CASINO & RESORT SCHENECTADY:
Located at the picturesque Mohawk Harbor near the heart of downtown Schenectady, Rivers Casino & Resort Schenectady features 1,150 slots, 67 live table games and a 16-table poker room and a live, in-casino luxury sportsbook lounge.

The casino offers five distinctive restaurants—among them are Dukes Chophouse, Flipt, Johnny’s To-Go and Mian. Rivers features a multipurpose Event Center space, a lively entertainment lounge—Van Slyck’s, live music performances, free parking and daily promotions and giveaways.

The Landing Hotel is a 165-room, six-story boutique hotel with riverfront views located adjacent to the Event Center. Rivers, which opened in 2017, employs approximately 1,200 team members and has been voted a great place to work in Schenectady.

Rivers Casino & Resort Schenectady is owned and operated by Rush Street Gaming and its affiliates. For more information, visit riverscasinoandresort.com

ABOUT RUSH STREET INTERACTIVE:
Rush Street Interactive (RSI) was founded by pioneers in the internet gaming industry with decades of collective experience in developing, supplying and operating online gaming sites. The Chicago-based business launched its first casino site, PlaySugarHouse.com in NJ, in September 2016 and made history in August 2018 as the first online operator in the United States to offer an integrated online sportsbook and casino.  Rush Street Interactive is also the service provider of the sportsbooks at Rivers Casino Pittsburgh and SugarHouse Casino in Philadelphia. RSI made history once again by next launching Pennsylvania’s first online sportsbook, PlaySugarHouse.com, and on its heels followed that with a second online sportsbook site, BetRivers.com.   

Additionally, RSI is the only U.S. gaming company to launch a regulated online sportsbook in Latin America. Rush Street Interactive is also the developer and operator of a leading social gaming platform that is currently deployed at Rush Street-affiliated casinos (Rivers Casino in PittsburghSugarHouse Casino in Philadelphia, Rivers Casino in Des Plaines, Illinois and Rivers Casino and Resort in Schenectady, New York), as well as selected third party partners.

Rush Street Interactive was named “Mobile Operator of the Year” in North America at the EGR North America Awards 2019 and “American Operator of the Year” & “Casino Operator of the Year” by Gambling.com for their inaugural American Gambling Awards in 2019.

 

Source: Rivers Casino & Resort Schenectady

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