International edition
September 21, 2021

Bet Entertainment Technologies becomes the second operator to enter the market

Portugal’s SRIJ issues online sports betting license

Portugal’s SRIJ issues online sports betting license
Online sports betting operator Bet Entertainment Technologies Ltd. has become the second company to receive a license by Portugal’s gambling regulator, Serviço de Regulação e Inspeção de Jogos (SRIJ), to provide iGaming options in the country’s r
Portugal | 07/07/2016

Online sports betting operator Bet Entertainment Technologies Ltd. has become the second company to receive a license by Portugal’s gambling regulator, Serviço de Regulação e Inspeção de Jogos (SRIJ), to provide iGaming options in the country’s recently regulated market.

T

he regulatory body announced that License 002 has been issued after Betclic Everest Group became the first online sports betting operator to enter the local market towards the end of May.

Bet Entertainment has already launched its Portuguese website (bet.pt). It is operated on platform by popular developer and provider SBTech. Commenting on it website going live in Portugal, the gambling operator said in a statement that it would work hard on securing its “place of reference” in the local market.

As mentioned above, the launch of the bet.pt website came more than a month after Portugal saw its first licensed sports betting site go live. French company Betclic Everest Group has become the first operator to be granted a license by the country’s gambling regulator.

Portuguese lottery operator Santa Casa da Misericordia de Lisboaand and land-based casino operator Solverde have also been among the companies to have expressed interest in running a gaming website in the country.

It was last year when Portuguese lawmakers introduced new regulations for the country’s online gambling industry. However, it took quite some time before the first online sports betting license was issued. In May, when the Betclic website went live, the local gambling regulator said that more licenses would be granted very soon. As it could be seen, License 002 took more than a month to be issued.

It has also been reported that local players would not be able to play online poker before November 2016. According to people with knowledge of the matter, the delay in the issuance of poker licenses is due to shared liquidity issues.

Last year, SRIJ said that shared liquidity for online poker would not be permitted within the country’s borders. The regulator has changed its position on the matter since then and reportedly, it is now considering the opportunity to permit international liquidity sharing.

Two online poker-related proposals are currently reviewed by SRIJ. Once the regulator decides on the best possible option for the provision of poker in the country, the selected proposal would be further considered by the European Commission. The process is to take no less than three months, which means that first online poker licenses would not be issued before November 2016.

Yossi Barzely, Head of Sales and Business Development at Pragmatic Play, said: “Integrating with iSoftBet’s suite of games marks a significant milestone in Pragmatic Play’s continued development. With this partnership, we expect to offer our clients an exclusive gaming experience and access to one of the best online slots libraries in the world. With iSoftBet’s great track record in the business, we are expecting a long fruitful partnership.”

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook