Reports
MARKET REPORT: PORTUGAL
Slots make up 82 per cent of a casino with 16.3 per cent banked games and 1.4 per cent non bank games. Of the €86m revenues in T3 2017 slots saw €70.8m of this followed by €14m for banked games and €1.2m for non bank games. Of the table games American Roulette is the biggest revenue earner with €4.9m for the T3 2017 period followed by Baccarat and Punto y Banco with €3.5m, Blackack 21 with €2.7m and French Roulette with €2.2m.
Games operated in the casinos include bank games such as Baccarat, Punto y Banco, French and American Roulette, Blackjack, Craps plus other games such as Chemin de Fer, bingo and poker. Tere are slots permitted in casinos.
Minimum age limit for entrance into casinos is 18 year whilst advertising, although permitted, comes with certain restrictions in terms of location and wording with socially responsible rules.
Casinos are subject to a gambling tax and this varies between 4.5 per cent and 40 per cent of the GGR depending on their location.
Te casino sector has struggled over the last few P54 NEWSWIRE / INTERACTIVE /
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years mostly due to the financial crisis. But since the second half of 2014 has seen a steady growth rate in revenues with around 2.5 per cent growth in 2016 compared to the year previous.
Te region of Estoril has the largest number of casinos with a 47 per cent market share of all casinos followed by Povoa de Varzim region with almost 16 per cent.
Te third quarter of 2017 saw just over €86m in revenues for the casinos in Portugal a 14.5 per cent increase on the second quarter revenues of €75.1m or an increase of 8.2 per cent on the same T3 period the year previously.
Slots make up 82 per cent of a casino with 16.3
per cent banked games and 1.4 per cent non bank games. Of the €86m revenues in T3 2017 slots saw €70.8m of this followed by €14m for banked games and €1.2m for non bank games.
Of the table games American Roulette is the biggest revenue earner with €4.9m for the T3 2017 period followed by Baccarat and Punto y Banco with €3.5m, Blackack 21 with €2.7m and French Roulette with €2.2m.
Solverde is the biggest operator with five casinos. Tey also operate four hotels. Te company was founded in 1972 by Manuel Violas and was set up to work in tourism and in 1973 Solverde won the concession as the operator for Espinho.
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