{"id":58,"date":"2018-08-29T00:00:00","date_gmt":"2018-08-29T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/world-cup-fuels-portugals-online-gambling-market\/"},"modified":"2018-08-29T00:00:00","modified_gmt":"2018-08-29T00:00:00","slug":"world-cup-fuels-portugals-online-gambling-market","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/world-cup-fuels-portugals-online-gambling-market\/","title":{"rendered":"WORLD CUP FUELS PORTUGAL\u2019S ONLINE GAMBLING MARKET"},"content":{"rendered":"<p>The Servi\u00e7o Regula\u00e7\u00e3o e Inspe\u00e7\u00e3o de Jogos do Turismo de Portugal (SRIJ), the country\u2019s gambling regulator, has reported year-on-year hikes for sports betting and online casino revenue as operators benefited from the Fifa World Cup and a structural change for the domestic poker market.<\/p>\n<p>In a report covering the three months through to June 30, the SRIJ said that online sports betting revenue had increased year-on-year from \u20ac13.9m (\u00a312.6m\/$16.3m) to \u20ac20.5m. Total sports betting handle rose by more than \u20ac22m from last year to reach \u20ac89.8m.<\/p>\n<p>With the 2018 World Cup having taken place in Russia from June 14 to July 15, football accounted for 74.4% of all sports wagers as Portugal exited the national team showpiece at the round of 16.<\/p>\n<p>The World Cup also fuelled new customer registrations as Portugal\u2019s eight licensed online operators reported that nearly half of Q2\u2019s 103,000 new customers signed up in June, with the quarter\u2019s figures representing an increase of 40,000 year-on-year.<\/p>\n<p>Meanwhile, the online casino vertical posted a year-on-year revenue increase of \u20ac5.4m, reaching \u20ac16.8m.<\/p>\n<p>With slots remaining the top source of online casino revenue, poker\u2019s share increased quarter-on-quarter from 18.6% to 20.4%, with cash games and tournament poker representing 15.3% and 5.1%, respectively.<\/p>\n<p>In May, Portugal joined France and Spain in a\u00a0shared poker liquidity network, with PokerStars the first operator to offer a shared pool between the three countries.<\/p>\n<p>In July last year, regulators from the three nations, as well as Italy, signed a deal to allow operators active across more than one of the markets to merge player pools. PokerStars\u2019 parent company, The Stars Group, is the SRIJ\u2019s lone poker licensee and its customers in France, Spain and Portugal can compete against players in each of the countries for larger prizes.<\/p>\n<p>In February, the SRIJ detailed that Portugal generated\u00a0\u20ac122.6m in online gambling revenue\u00a0during the first year of new regulation in the country.<\/p>\n<p>The SRIJ noted that full-year revenue was boosted by a record performance in the final three months of the year, during which revenue hit an all-time quarterly high of \u20ac36.5m. Portugal launched its new, regulated online gambling market in May 2016.<\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"1182\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Servi\u00e7o Regula\u00e7\u00e3o e Inspe\u00e7\u00e3o de Jogos do Turismo de Portugal (SRIJ), the country\u2019s gambling regulator, has reported year-on-year hikes for sports betting and online casino revenue as operators benefited from the Fifa World Cup and a structural change for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-58","post","type-post","status-publish","format-standard","hentry","category-europe","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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