Portuguese gamblers will soon be allowed to gamble online following the Council of Ministers in the country passing the Online Gambling Bill which will commence on the 28th June.
Following the passing of the bill all forms of gambling online will be legalised and the legislative framework and regulation will be passed to the Santa Casa de Misericordia de Lisboa.
With the bill the Ministers released a statement saying: “The bill will proceed with the regulation of online gambling in line with the recommendations issued by the EC on this matter and the international best practices. Licenses will be awarded to all the companies that will ensure the full respect of a set of financial, economic and technical requirements.”
The licensing for operators is now open and will be controlled by Santa Casa, advertising by operators will be allowed in approved media outlets which is not currently clear which those are. The government is hoping to raise some €25 million annually in online gambling taxes.