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World Casino News

Online Gambling in Portugal Breaks the Revenue Records

The online gambling revenue in Portugal keeps increasing, and the new quarterly record has been broken. In the third quarter, Portugal earned €215.3 million (£185.6m/$235.4m), according to the country's gambling regulator Gaming Regulation and Inspection Service (SRIJ). The land-based casinos' revenue also increased, but sports betting in Portugal…

Finance ・ 06 January 2024

iGaming Business

Portugal sets €215.3m online gambling revenue record in Q3

Total market revenue in the three months to 30 September 2023 surpassed the existing record of €122.0m, which was set in Q2, by 4.6%. The Q3 figure was also 36.1% higher than €158.2m in Portugal in the same period in 2022. Some €133.4m of revenue in Q3 came from online games of chance, up 50.5% year-on-year. This was a new segment record and also…

Industry ・ 05 January 2024

iGaming Business

Portugal online gambling revenue reaches record €205.9m in Q2

Revenue was comfortably higher than €145.2m in Q2 of 2022. The figure was also up 4.9% on the existing record of €196.4m set in Q1 this year. Online games of chance accounted for €122.0m of all revenue in the quarter, up 51.6% on last year. This was a new record for the segment, according to regulator the Gaming Regulation and Inspection Service…

Industry ・ 27 September 2023

iGaming Business

Portuguese online gambling revenue hits record €195.3m in Q4

Gross revenue for the three months to 31 December 2022 was 39.7% higher than €139.8m in the corresponding period of the previous year and also 23.4% more than the previous quarterly record of €158.2m set in Q3 of 2022. Casino was the primary source of revenue during the quarter, generating €109.8m in total revenue, up 48.3% year-on-year and 23.8%…

Industry ・ 23 March 2023

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iGaming Brazil

Online gambling in Portugal registers a growth of 8.6% in the third quarter

Online gambling in Portugal grew by 8.6% during the third quarter, according to the Portuguese Gaming Regulation and Inspection Service (SRIJ). The absolute GGR in the period between July and September 2022 reached 159.1 million euros (USD 168.8 million), which means an increase of 8.6% compared to the previous quarter, details the report. Sports…

Sports ・ 09 January 2023

World Casino News

Double casino tender launch in Portugal

In Portugal and the Servicos de Regulacao e Inspecao de Jogos (SRIJ) gaming regulator has reportedly announced the official launch of an international tendering process for the licenses to operate two of the country's most prominent casinos. According to a Tuesday report from a source, the move comes as the current licenses for the venues situated…

Trust and Safety ・ 25 August 2022

iGaming Brazil

Portugal registers a 17% increase in gross gambling revenue in the second quarter

Portugal's licensed operators generated €146.4 million in gross gaming revenue (GGR) in the second quarter, a 17% increase driven by online gaming. The European country's double-digit GGR growth represents a rise of €21.5 million, fueled by a 42% increase in gaming. However, while revenue rose year-over-year, gaming revenue in the second quarter…

Finance ・ 10 August 2022

iGaming Business

Portuguese online gambling revenue jumps 23.6% YoY in Q1

Revenue for the three months to the end of March was €158.6m (£135.3m/$161.7m), up from €128.3m in the corresponding period last year. Online casino revenue for the quarter amounted to €80.9m, which was 37.6% higher than €58.8m in Q1 of 2021, while online sports betting revenue also increased 11.8% to €77.7m. Looking at player spending, consumers…

Finance ・ 07 July 2022

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Gambling News

IGT Finalizes iSoftBet Acquisition and Expands in Digital

IGT PLC has informed investors that the New York Stock Exchange-listed technology group has completed its acquisition of iSoftBet. The deal is evaluated at €160 million and has resulted in IGT acquiring full control over the developer. ISoftBet originally announced its intention to acquire the company in April 2022, seeking to expand its in-house…

Industry ・ 05 July 2022

The Portugal News

State earned €567 million through online gambling

The data from the Gaming Regulation and Inspection Service(SRIJ) and the Ministry of Economy reveal that the pandemic years, 2020 and2021, were the ones that provided a greater fit for the State, through thespecial tax on gaming and fees of licenses and systems approval. In 2020, grossrevenue increased by 120.9 million (up 56.2%) compared to 2019,…

Law ・ 29 June 2022

Lexology

A general introduction to gambling law in Portugal

Under Decree-Law 422/89 (the Portuguese Gaming Law), games of fortune and chance are defined as those in which the result is contingent wholly or mainly on chance. Chance is the dominant factor for the purpose of this definition. The same definition of games of fortune and chance exists in Decree-Law No. 66/2015 (the Online Gaming Regime), but the…

Law ・ 11 May 2022

Golden Casino News

Bragg strengthens ORYX presence via operator Beltclic

ORYX Gaming, a Bragg Gaming Group company (NASDAQ: BRAG, TSX: BRAG), announced today that it has launched its exclusive online casino content portfolio in Portugal in partnership with Betclic, a leading online gaming operator in the country. ORYX Gaming is a subsidiary of Bragg Gaming Group. The company's entry into the regulated iGaming market of…

Finance ・ 19 April 2022

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Bragg’s ORYX Gaming Marks Portugal Entry with Betclic

Debut with iGaming market leader in the regulated territory furthers growth momentum ORYX Gaming, a Bragg Gaming Group company, announced that it has gone live with its exclusive iGaming content portfolio in Portugal with prominent online gaming operator, Betclic. The company's debut in the Portugal iGaming market represents its seventh regulated…

Strategy Guide ・ 07 April 2022

World Casino News

Solverde.pt touting its online casino portfolio

For online casino aficionados located across Portugal and iGaming operator Grupo Solverde has announced that its domain at Solverde.pt is now featuring a wider range of entertainment from local games studio Darwin. The Espinho-headquartered firm used an official press release published by European Gaming Media and Events to explain that this…

Mobile ・ 25 October 2021

European Gaming

Solverde.pt announces the launch of new games by Portuguese company Darwin

Solverde.pt is a Portuguese online casino, based in Espinho, and the company highlights the new creations of the Portuguese company Darwin, from'Banca Francesa', the classic Portuguese game of casinos, to the card game'Blackjack'. SOLVERDE.PT, the Portuguese online casino, announces the launch of new games by Portuguese company Darwin, the casino…

Law ・ 25 October 2021

European Gaming

Red Rake Gaming partners with Portuguese leading online sportsbook and casino operator, Nossa Aposta

Portuguese leading online sportsbook and casino operator, Nossa Aposta, has further enhanced its offering by adding the leading Portuguese certified supplier, Red Rake Gaming. The recently inked agreement will see Red Rake Gaming deliver a myriad of top performing slots, via their common aggregation partner Pariplay, to the operator owned by the…

Sports ・ 05 October 2021

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Kalamba Games Lauds Portugal Online Casino Content Certification

Online casino games maker Kalamba Games has reached another big milestone as it looks to expand its regulated presence across European markets. A selection of the company's titles have recently been certified in Portugal by the local regulator, SRIJ, paving the way for Kalamba to soon provide Portuguese players with access to its…

Games ・ 04 August 2021

Lexology

In review: licensing and taxation of gambling activities in Portugal

From a historiographical point of view, legal gambling in Portuguese territory dates back to 1927. The land-based gambling legal framework dates back to 1989. It aimed, among other things, to'emphasise the responsibility of the concessionaires for the legality and regularity of the operation and practice of gambling under the concession'…

Finance ・ 28 June 2021

Tope 10 Casino Websites

Microgaming Enters Portugal Gaming Market With Solverde Partnership

May 26, 2021May 26, 2021Carolyn Dutton The online gaming market in Portugal is set to get a lot more interesting as Microgaming is set to enter the market via a new partnership the Solverde Group, a local gaming company. The two companies formed a partnership through Prima Networks Limited (PNL) that will allow Solverde to offer its players access…

Industry ・ 26 May 2021

Casino News Daily

Microgaming Enters Online Casino Supply Deal with Portugal’s Solverde

Online casino software provider Microgaming has bolstered its Portuguese presence through a recent deal with gaming and hospitality powerhouse Solverde Group. Under a recent agreement between the two companies, which they penned through Prima Networks Limited (PNL), Microgaming will deliver a selection of its content to Solverde's Solverde.pt…

Sports ・ 25 May 2021

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