Interactive PORTUAL - ONLINE GAMING
Portugal is relatively late to the European igaming party, but has had the chance to appraise the existing models of its neighbours. What are the examples of best practice that you have adopted in creating Portugal’s new igaming legislation - and what’s unique to Portugal?
Although some countries adopted similar models, it is clear for us that every country has its own gaming tradition and social views on that. The same happens with Portugal. We adopted an open model mixed with several aspects coming from our own social and historic context. Please let me enhance that this the first time this matter is reg- ulated in Portugal, while other European countries already have some years of practice and experi- ence which allows them to improve the terms of
their initial rules and change the legislation. That is also our purpose, to implement a model that after a few years and with gained experience, that we can recollect and make the necessary changes and improvements.
There has been concern raised regarding the lev- els of taxation to be imposed on operators in Portugal. Can you confirm the final figures, explain how you’ve arrived at the levels and describe how the market is to flourish when all the reports indicate that the tax regime is overly oppressive?
The levels of taxation imposed are positioned on the average of the European countries which have already regulated online gambling, considering
the different types of online games of chance and sports and horse betting and the operators won’t pay any other tax besides the gaming tax.
In Portugal’s tourism sector you’ve cut red tape, reduced taxes and made it easier to set up busi- nesses - what are your long-term goals for the igaming sector in Portugal and how are you ensuring that it’s a success too?
The option for an open model is already an answer to your question and highlights our inten- tion of having a model simultaneously attractive and competitive to the operators and rigorous in order to ensure safety and confidence to the gam- blers so that all the actors, companies and gam- blers can rely on.
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