Portugal: Announcement of Online Gambling Market Legalization

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On 3 October 2013, and as a result of the country´s evaluation meeting with Troika, the Portuguese Government announced that it will legalize the online gambling market, in order to increase tax revenues.

During the next three months the Government will create a new working group to discuss the online gambling market in Portugal and European Union. The study to be prepared by the group will propose regulatory measures in order to open the online gambling market in Portugal.

The terms and the extent in which this process and the legalization process shall take place have not yet been disclosed.

Topics:  EU, Gambling, Internet Gambling

Published In: Art, Entertainment & Sports Updates, General Business Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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