Portuguese punters and online gambling operators are awaiting one very special date. June 28, 2015 marks the first day of online gambling licensing and regulation.
The issue has been a source of debate over the last 10 years or so but the Secretary of State for Tourism, Adolfo Mesquita Nunes, announced the launch date Wednesday. Players within Portugal’s borders will be able to gamble online and those outside of Portugal will be able to play on Portuguese licensed and regulated sites.
“We are preparing everything so that on June 28 the technical control structure is operating," Nunes said.
"The intention is to sign up as many operators as possible, particular international ones.”
Licensing and regulation will be handled by Santa Casa de Misericordia de Lisboa. Government revenue will be generated through the issuance of three year licenses.
Conditions of licensing will require operators to provide financial guarantees, maintain local representation and use Portuguese banks.