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888 Ventures Into Portugal with Casino, Poker License

888 becomes only the second operator to be given the green light to operate online poker in Portugal

Portugal’s gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) has finally issued a second license authorizing the provision of online poker to local players, it became known.

In a press release from Monday, the regulatory body announced that it has granted a license to Gibraltar-headquartered online gambling operator 888. The license gives the company permission to operate online slots, roulette, and different poker variants.

The license was issued on January 14. 888 has thus become only the second operator to be authorized to operate online poker in Portugal. The Stars Group’s flagship PokerStars brand entered the local market in December 2016 and it ran poker operations without any regulated competition for over two years.

Overall, 888’s new license was the 16th one issued by SRIJ since the reorganization of the Portuguese gambling market. The country’s new gambling law came into effect in 2015, providing a regulatory framework that allowed interested local and international operators to apply for a license from the gambling regulator and operate in a regulated and monitored environment.

French group Betclic Everest was the first two go live with online gambling services in the new regime. The company was granted a license in the spring of 2016 and rolled out its offering in May that year. As mentioned above, 15 more licenses have been approved since then to a total of 10 gambling companies. Most of the online gambling permits issued authorized the provision of sports betting services to Portuguese gamblers.

Shared Liquidity

Now, as 888 has entered the Portuguese online gambling market and has been allowed to operate online poker, the company has also expressed interest in joining the shared online poker liquidity project.

Liquidity sharing is the result from an agreement penned by the regulators of France, Spain, Italy, and Portugal in July 2017. While Italy eventually dropped from the scheme, the other three countries launched the project last January, with PokerStars going live with shared tables in Spain and France. The poker operator added Portugal to the mix later last year.

Partypoker, the poker operation of gambling powerhouse GVC Holdings, joined the project, as well, with the launch of shared tables in France and Spain in mid-2018.

Of the participating countries, 888 also operates in Spain, and it intends to roll out shared tables for Spanish and Portuguese players. Commenting on the matter, the company’s newly appointed CEO Itai Pazner said in a press release that they are “very excited about the forthcoming launch of the group’s European interstate poker network, which will pool players across Spain and Portugal.” It is to be seen when the launch will take place.

Meanwhile the regulators of France, Spain, and Portugal issued earlier this month a joint statement to mark the first anniversary of PokerStars launching shared liquidity and to express their general satisfaction with the project.

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The post 888 Ventures Into Portugal with Casino, Poker License appeared first on Casino News Daily.

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