Portugal could have new regulations in place for online gaming before its parliament breaks for summer July 10.
Portugal’s Ministry of Economics has finalized a draft of an online gaming law that is scheduled to be discussed in parliament before the summer break. The bill is arriving a little behind schedule, as it was first scheduled to be introduced in November and then again in February.
According to Portuguese online portal Sapo.pt, the new law will legalize and regulate internet poker, sports betting and online gambling in the country.
The new law is reported to create a similar regulatory system to other Europeans countries such as Italy, Spain and France. A state gambling authority would issue gambling licenses to potential operators.
Originally, Portugal was thought to be moving towards allowing a single operator in the country, but appears to have moved away from that idea to allow more operators and create greater tax revenue.