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Portugal Gambling Regulator

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Portugal Gambling Regulator

Portugal's gambling regulator, the Regulation and Inspection Service of Games (SRIJ), is a component of the Tourism Office. Aside from casinos, the gambling market in Portugal is dominated by Santa Casa, an historic charitable organisation which holds a monopoly over lottery games, land-based betting on sports and horseracing. Mar 20, 2019 Portugal's heavy gambling tax to finally be reviewed by the government as the local regulated market faces channelization issues. The government of Portugal has tasked a working group with analyzing the state of the country's online gambling industry and assessing whether changes in the way gambling services are taxed should be implemented, local media oulet Infocul reports.

This Gambling Regulation and Inspection Service is an integral part of Tourism of Portugal, I.P. And it is subject to the authority of the Tourism Secretary of State. The organism has technical and functional autonomy and is endowed with public authority powers to carry out its function. So this set the stage for a more reasoned approach to the issue of online gambling regulation which is now in the works. Portugal's New Online Gambling Regulatory Scheme Some new legislation is in the works in Portugal and they will soon have a regulatory scheme for online gambling in place, as several other countries in Europe have done.

The time is up for Portuguese delays on online gaming laws: the Troika has ordered the government to get legislation in place by the end of the month.

New gaming legislation has been floating in the political arena for a few years, but the fiscal crisis in Portugal and subsequent bailout by the Troika—the EU Commission, European Central Bank (ECB) and International Monetary Fund (IMF)—has brought matters to a head.

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Regulator

The tax revenues potentially available from regulated online gaming are considered to be an essential part of Portugal's fiscal responsibility. The Portuguese government accepted the Troika's demand for gaming market liberalization in a memorandum of understanding, but has delayed the implementation for political reasons.

Portugal
Portugal

The Troika's patience has now run out and it has demanded action by the end of the month.

A high gaming tax rate of up to 25% may create a counterproductive environment where taxes are low and illegal activity high, but a lower rate of gaming tax appears to be politically impossible at the moment. In November, the government removed forecast gaming tax revenues from the budget, arguing that the subject demanded an independent debate.

Portugal gambling regulator of co2

Portugal's gambling regulator, the Regulation and Inspection Service of Games (SRIJ), is a component of the Tourism Office. Aside from casinos, the gambling market in Portugal is dominated by Santa Casa, an historic charitable organisation which holds a monopoly over lottery games, land-based betting on sports and horseracing. Mar 20, 2019 Portugal's heavy gambling tax to finally be reviewed by the government as the local regulated market faces channelization issues. The government of Portugal has tasked a working group with analyzing the state of the country's online gambling industry and assessing whether changes in the way gambling services are taxed should be implemented, local media oulet Infocul reports.

This Gambling Regulation and Inspection Service is an integral part of Tourism of Portugal, I.P. And it is subject to the authority of the Tourism Secretary of State. The organism has technical and functional autonomy and is endowed with public authority powers to carry out its function. So this set the stage for a more reasoned approach to the issue of online gambling regulation which is now in the works. Portugal's New Online Gambling Regulatory Scheme Some new legislation is in the works in Portugal and they will soon have a regulatory scheme for online gambling in place, as several other countries in Europe have done.

The time is up for Portuguese delays on online gaming laws: the Troika has ordered the government to get legislation in place by the end of the month.

New gaming legislation has been floating in the political arena for a few years, but the fiscal crisis in Portugal and subsequent bailout by the Troika—the EU Commission, European Central Bank (ECB) and International Monetary Fund (IMF)—has brought matters to a head.

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The tax revenues potentially available from regulated online gaming are considered to be an essential part of Portugal's fiscal responsibility. The Portuguese government accepted the Troika's demand for gaming market liberalization in a memorandum of understanding, but has delayed the implementation for political reasons.

The Troika's patience has now run out and it has demanded action by the end of the month.

A high gaming tax rate of up to 25% may create a counterproductive environment where taxes are low and illegal activity high, but a lower rate of gaming tax appears to be politically impossible at the moment. In November, the government removed forecast gaming tax revenues from the budget, arguing that the subject demanded an independent debate.

Portugal Gambling Regulator Of Co2

The Troika has now demanded that the fence sitting must end, and Portugal must liberalize its gaming market.





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