The Estoril Sol Digital Online Gaming and Products Services company was the first who received a license to conduct gambling business online. According to CalvinAyre website, Estoril already owns three non-online casinos – Casino da Povoa, Casino Lisbon and the famous Casino Estoril. The last year company’s profit amounted to approximately 182 million euros (nearly two hundred million dollars), and this, by the way, more than two-thirds of the total revenues of the gambling market in the country.
New Estoril Online Casino is already taking the first registered users with free casino bonus. The operator received a license for slots, roulette and blackjack. So, at the moment in total, Portugal has three officially working gambling websites. However, the first two dedicated to sports betting, not the actual casino related games like roulette or slots.
The only thing that mars this situation – the lack of certainty with regard to online poker. The first license won’t be available until November. And all this because of the differences in accordance gambling legislation between Portugal and the European Commission.
For a long time, the Portuguese gambling legislation was tough enough and monopolized, but the country’s accession to the EU, and in general the need to fill the treasury, led to its liberalization. Due to the changes the budget of the country will be able to get from gambling more than twenty million euros per year. This amount will provide, inter alia, the purchase of licenses and tax payments from online operators. Sites with betting will pay up to 8% of the turnover tax rates, and online casinos are taxed at 15% of gross income. The money received from gambling, the government plans to spend on social programs and cultural needs.