In 2023, the market continued to experience an upward trend, with the combined gross gaming revenue generated by land-based casino gaming and online gaming reaching over EUR1.1 billion, with 75.5% of the total deriving from online gaming (EUR845 million) and 24.5% deriving from land-based casino gaming (EUR273.3 million).

The gross gaming revenue generated in 2023 by land-based casinos increased 7.55% year-on-year, although it still lags 14.3% from the 2019 total. There are currently 12 land-based casinos operating in nine different gaming areas in Portugal, with two main groups (Estoril-Sol and Grupo Solverde) controlling approximately 85% of the market by revenue. In 2022, the concession contracts for the operation of casinos in the Lisbon/Estoril and the Figueira da Foz gaming areas were re-tendered and awarded to the respective incumbent licensees for a 15-year period.

There are three concession contracts that will reach their term on 31 December 2025. Each of these contracts award the exclusive right to operate land-based casinos in the following gaming areas respectively: Algarve (three casinos), Espinho and Póvoa de Varzim (one casino each). The Portuguese state will launch an international public tender to award new concession contracts for each such areas. The winning bidders will be granted the right to use the existing casino premises and equipment, throughout the term of the new contracts (expected to have a duration between 10 to 15 years). The tenders are likely to be opened between March and September 2025.

In the online gaming segment, there are currently 17 operators, and 30 licences issued (13 sports betting licences and 17 games-of-chance licences). In 2023 total gross gaming revenue reached a record-high of EUR845 million (a year-on-year increase of 28%). Of the total online revenue online, 61.6% is generated by casino games and 38.4 by sports betting. This upward tendency is continuing in 2024, with online gaming revenues increasing robustly in the first quarter and slightly in the second quarter, as compared in each case to the immediately preceding quarter.

As at the end of 2023, the number of registered players in the online gaming segment reached 4.1 million in total (of which 1.1 million are active players), with roughly 952,000 new players registered in 2023.

There have been no recent changes to the land-based or online gaming legal frameworks.

Social Gaming

There is no specific regulation on social gaming.

E-sports

There is no specific regulation on e-sports. In 2024, a bill to legislate e-sports was submitted to the Portuguese Parliament for the first time. The draft bill is currently under review.

Fantasy Sports

There is no specific regulation on fantasy sports.

Skill Gaming

There is no specific regulation on skill gaming.

Blockchain or Cryptocurrency

There is no specific regulation on blockchain/crypto-related gaming.

The commercial operation of online gaming is permitted and regulated. A private entity may offer online gaming products, subject to obtaining the relevant licence(s).

There are four types of licences available, for the following activities:

• fixed-odds sports betting;
• pari-mutuel and fixed odds horse racing wagering;
• online bingo; and
• online games of chance.

The following gaming products are allowed to be offered online:

• baccarat punto banco;
• baccarat punto banco/Macau;
• blackjack/21;
• craps;
• cussec (Sic Bo);
• caribbean stud poker;
• american roulette;
• french roulette;
• baccarat chemin de fer;
• bingo;
• poker (Omaha, Hold’em, Spanish);
• slot machines;
• sports betting; and
• horse race wagering.

The online offering of new types of games of chance is only allowed after being authorised by the competent authorities.

Overview

The commercial operation of land-based casino gaming and bingo halls is permitted and regulated. A private entity may only operate a casino or bingo hall if it is awarded a concession contract from the Portuguese state, following a public tender process.

Land-Based Casinos

The commercial offering of games of chance is only permitted within an approved casino, located in one of the gaming areas pre-defined by statute. The Gaming Law establishes ten different gaming areas:

• Açores;
• Algarve;
• Espinho;
• Estoril;
• Figueira da Foz;
• Funchal;
• Porto Santo (currently dormant, ie, with no existing concession);
• Póvoa de Varzim;
• Tróia; and
• Vidago-Pedras Salgadas.

Currently, there are 12 casinos operating in Portugal:

• Casino de São Miguel;
• Casino de Vilamoura;
• Casino de Monte Gordo;
• Casino de Portimão;
• Casino de Espinho;
• Casino da Figueira da Foz;
• Casino do Estoril;
• Casino de Lisboa;
• Casino da Póvoa de Varzim;
• Casino de Tróia;
• Casino de Chaves; and
• Casino da Madeira.

The following types of games of chance are allowed to be offered in land-based casinos:

• baccarat punto banco;
• baccarat punto banco/Macau;
• blackjack/21;
• craps;
• cussec (Sic Bo);
• caribbean stud poker;
• american roulette;
• french roulette;
• baccarat chemin de fer;
• bingo;
• poker (Omaha, Hold’em, Spanish); and
• slot machines.

The land-based offering of new types of games of chance is only allowed after being authorised by the competent authorities.

Vessels or Aircraft Outside the National Territory, and Off-Site Casinos and Amusement Machines

The operation of casino games of chance on board aircrafts or vessels registered in Portugal may be permitted when outside the national territory. The operation of non-banked card games may also be temporarily permitted outside casinos in connection with certain events of significant touristic importance.

The permanent operation of slot halls in hotel properties located in touristic destinations may also be authorised. The permission to operate slot halls in such locations can only be granted to the casino concessionaire that operates the casino nearest to the proposed slot hall location.

Land-Based Bingo Halls

The commercial offering of land-based bingo is only permitted within an approved bingo hall. A bingo hall is only allowed to offer the game of bingo, in its traditional form or electronically.

Currently, there are 14 authorised bingo halls in Portugal:

• Sala de jogo do Bingo “Boavista”;
• Sala de jogo do Bingo do Porto;
• Sala de jogo do Bingo de Coimbra;
• Sala de jogo do Bingo da Nazaré;
• Sala de jogo do Bingo de Lisboa “Belenenses”;
• Sala de jogo do Bingo “Koala”;
• Sala de jogo do Bingo de Lisboa “Panda”;
• Sala de jogo do Bingo de Lisboa;
• Sala de jogo do Bingo de Odivelas;
• Sala de jogo do Bingo da Amadora;
• Sala de jogo do Bingo de Almada;
• Sala de jogo do Bingo de Setúbal;
• Sala de jogo do Bingo da Amora; and
• Sala de jogo do Bingo de Olhão.

State-Run Games

The operation of the following games is granted on an exclusive basis to Santa Casa da Misericórdia de Lisboa (SCML), a charitable public entity funded by the Portuguese state:

• land-based fixed-odds sports betting;
• land-based horse racing wagering;
• national lottery;
• instant lottery;
• Joker;
• football pools (totogolo); and
• European lottery (EuroMillions).

There are three key pieces of legislation regulating the commercial operation of gaming in Portugal:

• the “Gaming Law” (Decree-Law No 422/89 as subsequently amended), which establishes the legal framework for the operation of land-based casino gaming;
• the “Online Gaming Law” (Decree-Law No 66/2015, as subsequently amended), which establishes the legal framework for the operation of online gaming; and
• the “Bingo Law” (Decree-Law No 31/2011, as subsequently amended), which establishes the legal framework for the operation of bingo halls.

Other relevant legislation applicable to the gaming sector is as follows:

• Law No 83/2017, on anti-money laundering and counter-terrorism financing measures;
• Law No 8/2006, which regulates the hiring of casino croupiers/dealers; and
• Decree-Law No 330/1990, as amended, which approves the Advertisement Code.

Further regulations and regulatory instructions applicable to the operation of land-based and online gaming are issued by the Gaming Regulation and Inspection Service.

In addition, there is a specific legal framework governing state-run games. Under Portuguese law, certain forms of gaming are operated exclusively by SCML, such as lotteries (including instant lotteries), land-based sports wagering, and horse racing. The legislation applicable to state-run games is as follows:

• Decree-Law No 40/397, as amended, governs the national lottery;
• Decree-Law No 84/85, as amended, governs pari-mutuel sports betting;
• Decree-Law No 412/93, as amended, governs the “Joker” game;
• Decree-Law No 314/94, as amended, governs the instant lottery;
• Decree-Law No 225/98, as amended, governs the football pools (totogolo);
• Decree-Law No 282/2003 governs the online acceptance of wagers and payment of prizes in state-run games;
• Decree-Law No 210/2004, as amended, governs the European lottery (EuroMillions).
• Decree-Law No 67/2015 governs land-based fixed-odds sports betting; and
• Decree-Law No 68/2015 governs land-based horse race betting.

Gaming is generally defined by reference to the play of games of chance, which are defined as those games in which the outcome depends exclusively or predominantly on a player’s luck.

The Gaming Law defines land-based gaming as the play of games and wagers carried out in casinos, bingo halls, or other places previously authorised for such purpose, and which require the physical presence of the player (at such locations).

The Online Gaming Law defines online gaming as the play of games of chance, fixed-odds sports bets and horse racing bets, pari-mutuel, or fixed odds, carried out remotely, through electronic means, computer media, telematics, interactive media, or any other means through the usage of any devices, equipment or systems that enable the production, storage and transmission of documents, data, and information. Online games of chance are defined as those in which the outcome depends exclusively or predominantly on a player’s luck, and in which the player will wage a certain amount in cash.

Key offences include:

• unlicensed supply of gaming;
• play in unlicensed venues;
• coercion to play;
• fraudulent play;
• extension of credit for gaming; and
• unlicensed manufacture or supply of gaming equipment.

The operation of land-based gaming activities outside legally authorised areas is a criminal offence, punishable with imprisonment of up to two years and a monetary fine. The same punishment is applied to the individuals responsible for such operation, including directors, managers, employees, and agents of the offending entity.

The unauthorised operation, promotion or organisation of online gaming activities, as well as the facilitation of play in Portugal from a server located overseas, are criminal offences punishable with imprisonment of up to five years or a monetary fine.

The play of games of chance outside legally authorised areas is a criminal offence punishable with imprisonment of up to six months and a monetary fine. The presence in an unlawful gaming site (without playing) is also punishable with imprisonment of up to three months.

There is no relevant recent or forthcoming legislation.

The regulation of gaming in Portugal is conducted by:

• the Gaming Commission (Comissão de Jogos), which co-ordinates and oversees the activity of the Gaming Regulation and Inspection Service, and has control, supervisory, regulatory, and sanctioning powers; and
• the Gaming Regulation and Inspection Service (Serviço de Regulação e Inspeção de Jogos – the SRIJ), which is responsible for the control, inspection and regulation of gaming activities in casinos and bingo halls, and of online games of chance, sports betting, and horse racing wagering.

Both entities are departments of the National Tourism Authority.

SCML is empowered to monitor and operate state-run games, and is subject to the supervision of the Ministry of Labour, Solidarity, and Social Security.

Portugal generally adopts a prescriptive approach to gaming regulation.

There have been no recent changes or forthcoming changes on the licensing and regulatory framework.

Land-Based Gaming (Casinos and Bingo Halls)

There are two types of land-based licences:

• for the operation of games of chance in casinos; and
• for the operation of bingo halls.

These licences are granted to private entities in the form of a concession contract, awarded following a public tender process. A concession contract typically establishes an exclusive right to operate within a certain gaming area.

Online Gaming

The Online Gaming Law establishes gaming licences for the following types of games:

• fixed-odds sports betting;
• pari-mutuel and fixed odds horse racing wagering;
• online bingo; and
• online games of chance.

As of 30 June 2023, 17 entities were authorised to operate online gaming and wagering in Portugal, holding 30 licences in total – 13 for sports betting and 17 for games of chance.

Land-Based Casinos

The number of gaming areas in which casinos are allowed is pre-defined by statute (currently, ten). This is, in practice, the number of licences available, given that the state typically awards no more than one concession contract for each gaming area. Availability depends on the opening of a public tender to that effect. Public tenders have only been launched for concession contracts that are already in existence, and when the respective contracts are approaching their term. As a reference, public tenders for the casino concession contracts for the Estoril/Lisbon and Figueira da Foz gaming areas were launched and completed in 2022, with the winning bidder being in each case the incumbent operator, and with the new concession contracts entering into effect on 30 January 2023 and 17 March 2023, respectively.

In 2025 the Portuguese State is expected to launch international public tenders to award three concession contracts. Each contract will award the exclusive right to operate land-based casinos within the gaming areas of Algarve (three casinos), Espinho (one casino) and Póvoa de Varzim (one casino). The current concession contracts for the operation of casinos in those areas will lapse at the end of 2025. The winners of the public tenders will be granted the right to use the existing casino premises and equipment, throughout the term of the new licences.

There will be only one more concession contract lapsing within this decade. That will be the contract to operate a casino in the Funchal gaming area (in the island of Madeira), that will reach its term at the end of 2026. It is expected that another international public tender be launched to award the operation of that casino.

Land-Based Bingo Halls

Similar to land-based casinos, there is no limit on the number of concessions to be granted; availability depends on the opening of a public tender to that effect. Public tenders are only launched for the concessions already in existence, and when the respective contracts are approaching their term. As a reference, a public tender for the Lisbon Bingo and the Nazaré Bingo were launched in 2022.

Online Gaming Licences

There is no limit to the number of online gaming licences available. Contrary to land-based gaming, an online licence is not subject to public tender and may be obtained by an entity that fulfils all legal requirements following an administrative application process with the SRIJ.

Land-Based Gaming

The public tender documents will determine the specific duration of the concession contracts and the terms of their extensions. As a reference, the term of the casino concession contract for the Estoril/Lisbon gaming area, tendered in 2022, was 15 years, extendable one time for five additional years.

Online Gaming

Online gaming licences are granted for a period of three years from the date of respective issuance. Licences are extendable for equal periods of three years, subject to the operator meeting the legal requirements for extension.

Land-Based Casinos

The award of a land-based casino concession contract is carried out by public tender, which may be open or limited to pre-qualified entities. The government cabinet member with the tourism portfolio (normally the Ministry of Economy) is responsible for opening the tender and awarding a concession, and will also determine the tender process, timeline, and documentation, including the concession contract draft. The overview and implementation of the tender is typically delegated to the Gaming Commission, which will appoint a selection committee to analyse the proposals and prepare a report on their feasibility and merits.

The tender documents must define the following:

• the duration of the concession and the possibility of its extension;
• the applicants’ qualification criteria and eligibility;
• the geographic location of the casino and the assets allocated to the concession;
• the criteria for awarding the concession;
• the minimum financial consideration, other non-financial consideration (if any), and respective payment terms; and
• the amount and form of the tender and performance bonds to be provided.

In order to participate in a public tender awarding a land-based casino concession, an entity must:

• be incorporated as a joint-stock company (sociedade anónima), or any equivalent, in an EU member state or any other signatory state to the European Economic Area Agreement under administrative co-operation in the fields of tax, combating fraud, and anti-money laundering – companies not incorporated in Portugal must form and register a local branch;
• have an equity to net assets ratio of no less than 30%; and
• have at least 60% of its share capital represented by shares that allow the issuer to identify the respective holders.

Online Gaming

The award of an online gaming licence is subject to a licensing process carried out before the SRIJ. A licence application is made through the filing of a pre-approved application form, together with all supporting documents required to demonstrate the fulfilment of eligibility requirements. Applications may be made electronically, and a determination typically takes between six and 12 months.

The main requirements for an applicant to be issued an online gaming licence are as follows:

• the applicant/bidder must be incorporated as a joint-stock company (sociedade anónima), or any equivalent, in an EU member state or any other state signatory to the European Economic Area Agreement under administrative co-operation in the fields of tax, combating fraud, and anti-money laundering – companies not incorporated in Portugal must form and register a local branch;
• the scope of business of the applicant must include the operation of gaming and wagering, and its equity to net assets ratio must be no less than 35%;
• the applicant must be in good standing in terms of tax and social security obligations;
• the applicant must demonstrate its suitability, financial soundness and technical capability; and
• the applicant must submit the technical plan for its gaming platform, according to best practices in terms of software architecture and technology, and incorporating all elements required by law.

Upon a positive determination being made, the issuance of a licence is conditioned to the following elements:

• certification of the gaming technical system;
• payment of the application fees;
• payment of the performance bonds and guarantees; and
• payment of any overdue penalties applied under the Online Gaming Law.

Land-Based Gaming

The timeline for each public tender is defined in the respective tender documents. As a reference, in the 2022 public tender for the award of the casino concession for the Estoril/Lisbon gaming area, a proposal application had to be filed within 60 days of the tender opening and be valid for a period of 180 days.

Online Gaming

A determination is typically made between six and 12 months after an application is filed.

Land-Based Gaming

There are typically no application fees. However, the winning bidder must pay the cost associated with the execution of the contract and the respective publication in the official gazette.

Online Gaming

The applicable licensing fees are as follows:

• certification of the technical gaming system – EUR18,000;
• licence issuance (for each licence) – EUR12,000;
• licence extension (for each licence extension) – EUR12,000; and
• authorisation for each new type of game of chance or wager category – EUR2,000.

Additionally, the bonds required to be given prior to the licence being issued are as follows:

• EUR500,000 to guarantee the applicant’s compliance with ongoing legal obligations; and
• EUR100,000 to guarantee the payment of the special gaming tax.

Ongoing annual fees for land-based gaming operators are determined by the respective concession contracts. Typically, a casino concessionaire is required to pay a fixed annual fee and a variable annual fee throughout the duration of its contract.

Each public tender and concession contract will detail the requirements of the relevant casino premises, namely its standards of functionality and comfort. They will also define the non-gaming facilities that must be offered and the development and maintenance obligations of the operator.

The key statutory requirements applicable to a land-based operator in respect of casino premises are as follows:

• the operation of land-based games of chance is only allowed in one of the statutorily defined gaming areas;
• the casino concessionaires are responsible for the functioning and maintenance of the casino property and of its facilities, particularly the ones that are the property of the state and the usage of which was assigned to the operator under the concession contract;
• the casino concessionaires must promote entertainment, cultural, and sporting activities, and co-operate in initiatives to promote tourism in the respective gaming areas; and
• the casino concessionaires can only use gaming equipment and utensils that are approved by the SRIJ.

Other requirements can be imposed under the tender documents, such as:

• the obligation to install and operate an electronic gaming machines system; and
• the obligation to purchase, install, and operate adequate CCTV equipment.

There are no recent or forthcoming legislative changes.

The key statutory requirements applicable to an online operator are as follows:

• to install and maintain a technical gaming system for the operation of online gaming and wagering, under the terms defined in the Online Gaming Law;
• to redirect to its Portuguese website all accesses that are established from locations within Portuguese territory or that make use of player accounts registered in Portugal;
• to create a registration and account for each player;
• to define a policy for awarding bonuses to players;
• to pay players their prizes in the agreed amount;
• to order the transfer to the payment account pre-indicated and held by the players of the balance of the player’s account, following such request made by a player;
• to have a bank account in a credit institution licensed in a member state of the EU, through which all transactions related to online gaming and wagering activity are exclusively undertaken;
• to ensure the integrity, availability, confidentiality, and all other security attributes of online gaming and wagering, providing reliable and transparent play;
• to provide and make available information on the rules of online gaming and wagering in a clear, true, complete, and up-to-date manner, including the acceptable payment methods, the minimum and maximum bet values, and the rules for the calculation and payment of prizes;
• to define a privacy policy, which must be expressly accepted by the player, as well as the purposes of collection and conditions under which it may be disclosed;
• to designate a manager responsible for the operation of online gaming and wagering, who will be the key contact for the SRIJ;
• to ensure compliance with the laws in force regarding the prevention of money laundering and the financing of terrorism;
• to develop and implement means to prevent minors and other socially vulnerable groups from registering as players;
• to co-operate in the combat against illegal gaming and associated illicit activities, namely by complying with the legal preventative provisions; and
• to notify the SRIJ of any change to its governing bodies within ten days.

Only B2C operators are currently subject to licensing.

There is no specific regulation concerning the use of affiliates.

There is no specific regulation concerning white labels.

In July 2024, a bill of law entitled “Esports Law” was put forward in the Portuguese parliament. The Bill seeks to regulate the activity of esports and includes a variety of proposals in this domain. One of the proposals included in the Bill consists of an amendment to the Portuguese Online Gaming and Betting Law, with the purpose of allowing that online betting in esports competitions become legal and regulated, by deeming it equivalent to online sports betting. According to the proposal, betting would only be allowed in esports competitions previously vetted by the regulator, similarly to sports betting. The Bill is currently at an early stage. It is uncertain whether it will be passed into law and in which terms.

The SRIJ may issue orders to ISPs to block access to websites that offer online gaming in Portugal without a licence. Typically, this action is preceded by a cease-and-desist letter with a 48-hour deadline.

In respect of land-based gambling, responsible gambling requirements are mostly focused on access to the gambling floor being restricted for minors and other risk groups, and on exclusion and self-exclusion mechanisms.

Online gambling operators must adopt a responsible gambling programme and implement specific measures to promote responsible gaming, moderate play, and non-compulsive gaming behaviours.

There are no recent or forthcoming legislative changes.

Responsible gaming programmes must include and implement deposit limits, spending limits, and time limits. They must also implement self-exclusion mechanisms.

Gaming operators are subject to the Anti-Money Laundering Law (Law No 83/2017), which transposes European Union Directive 2015/849.

There are no recent or forthcoming legislative changes.

The key AML requirements applicable to gaming operators are as follows:

• customer due diligence measures;
• record-keeping; and
• reporting of suspicious transactions.

The Portuguese Association for Consumer Protection (Associação Portugesa para a Defesa do Consumidor – DECO) is the entity responsible for overseeing advertisement activities in Portugal, while the SRIJ and the Gaming Commission have special competence to supervise compliance with the rules concerning the advertising of gaming and wagering.

Advertisement is defined as any form of communication made by a private or public entity in the context of a commercial, industrial, or professional activity, with the purpose of, directly or indirectly, promoting:

• goods or services with a view to their marketing or sale; or
• ideas, principles, initiatives, or institutions.

Advertising of gaming is permitted if it complies with the following requirements:

• it is carried out in a socially responsible manner;
• it takes into consideration the need to protect minors, as well as other risk groups;
• it highlights the recreational aspect of the activity and does not diminish non-gamblers;
• it does not imply that gaming brings easy winnings, social advancement, or special skills; and
• it does not promote excessive gaming or wagering practices.

There is a series of provisions aimed at protecting minors, such as prohibiting gaming advertisement addressed to minors or using minors. In addition, gaming advertisements cannot be placed inside or within 250 metres of schools or other facilities developed for the use of minors, nor in any events in which minors are the main participants.

The Gaming Commission has also published a best practices handbook for the advertisement of gaming products and services, which recommends that advertisement of gaming should not take place:

• between 07:00 and 22:30 on TV and radio; or
• through websites, social networks, or mobile applications designed to be used by minors.

Sanctions resulting from infringement of advertisement laws include:

• monetary fines;
• seizure of objects;
• temporary bans on exercising advertising activities;
• temporary closure of premises or establishments where the advertising activity takes place; and
• the revocation of relevant licences or permits.

There are no recent or forthcoming legislative changes.

A gaming concessionaire must disclose the transfer or pledge of any of its registered shares (which must always represent at least 60% of its share capital) within 30 days of becoming aware of such transfer or pledge.

Land-Based Concession Agreements

An acquisition of shares representing more than 10% of the share capital of a casino concessionaire or which directly or indirectly causes a change in control of the concessionaire requires government approval. The same requirement applies to the assignment to a third party of the gaming operations or other material rights and obligations of the concessionaire under its concession contract.

In addition, tender documents may prevent or limit direct or indirect participation in the share capital of a concessionaire by another concessionaire, and impose obligations of pre-approval in the case of a merger, demerger, or conversion of the concessionaire.

Online Gaming

An online gaming licence may only be transferred to a third party with the pre-approval of the SRIJ, including in the event of a merger or demerger, as well as a direct or indirect transfer of shares of the licensee, whereby the acquiring entity comes to hold a majority stake in its share capital, or to hold more than half of its voting rights or the ability to appoint more than half the members of the board of directors.

There are no specific requirements for passive investors in acquisitions or changes of control, without prejudice to the competition law.

There are no recent or forthcoming changes in connection with acquisitions and changes of control.

The SRIJ is the entity responsible for supervising casino concessionaires, online gaming licensees, gaming employees, and gamblers. It has the power to conduct investigations and to initiate administrative and misdemeanour proceedings against such entities and individuals, in the event of breach of gaming laws and regulations or of the terms of the respective licence or concession contract. The Gaming Commission has the power to issue determinations in respect of the administrative and misdemeanour proceedings initiated by the SRIJ, and apply sanctions.

Unlawful gaming activities that may constitute a criminal offence must be reported by the gaming regulatory authorities to the police or the public prosecution for investigation.

The Gaming Commission can apply sanctions in the form of financial penalties, and can also suspend or revoke online gaming licences. The suspension or revocation of land-based gaming concession contracts can only be determined by the government’s cabinet of ministers.

Financial penalties for breach of provisions of the Gaming Law vary between EUR12,500 and EUR25,000. Financial penalties for breach of the Online Gaming Law vary between EUR2,500 and EUR50,000.

There are no recent or forthcoming changes in connection with enforcement matters.

Land-Based Gaming

Land-based casino games are subject to a special gaming tax (IEJ), levied over the monthly opening float (not gross revenue). The tax rate varies according to the geographic gaming area where casinos are located.

In addition, a casino concessionaire must pay a financial consideration under the terms of the respective concession contract. In the case of the Estoril/Lisbon concession (awarded pursuant to a contract dated 30 January 2023), this consideration is composed of a fixed consideration of no less than approximately EUR15 million and a variable consideration of 50% of the gross gaming revenue (but never less than EUR56.5 million). Both considerations are determined with reference to the year 2022 and updated annually according to Portugal’s consumer price index. The payment of the variable consideration discharges the obligation to pay the special gaming tax (in the amount that does not exceed such consideration) and other government fees.

Online Gaming

Online gaming is subject to a special online gaming tax, applicable as follows:

• games of chance and pari-mutuel betting on horse races – fixed tax rate of 25% levied on gross gaming revenues;
• fixed-odds sports betting and fixed-odds horse racing betting – fixed tax rate of 8% over the handle (total amount of money wagered); and
• sports betting exchange (where players bet against each other) – fixed tax rate of 35% over the commissions charged by the operator.

There are no recent or forthcoming changes in connection with tax matters.

Except for casino dealers, which must hold a specific professional certification, there are generally no personal authorisations or licenses applicable to individuals involved in gaming. However, the officers and key personnel of both land-based and online gaming operators must fulfil certain suitability requirements when being appointed to the relevant positions.

The requirements for suitability of officers and key personnel are generally the following:

• not having a relevant criminal record;
• not having been declared bankrupt or insolvent; and
• being of sound reputation in conducting his/her business affairs.

Online gaming operators are required to submit, with respect to the individuals appointed as their officers or representatives, the respective ID and TIN documents, the documents supporting their appointment, curriculum vitae, criminal record certificate, civil registration certificate and a statement of truth signed by the individual in question with respect to their own probity standing.

There are no annual fees applicable to individuals.

The general suitability requirements that apply to the officers and key personnel of land-based and online gaming operators are of an ongoing nature.

Online gaming operators are required to report to the regulator changes to the composition of their corporate bodies within ten days. An individual found unsuitable must be replaced within 30 days from the date in which the fact(s) giving cause to the unsuitability become known to the operator. Failing to replace an unsuitable individual will adversely affect the operators’ own suitability.

There are no sanctions, administrative and/or misdemeanour proceedings that the regulatory bodies have the authority to apply, administer or pursue exclusively against individual persons.

There are no recent or forthcoming changes.