Other casinos will become available over the course of the next decade. For example, the concession for the casino in P\u00f3voa ends in 2025. At the same time, the concessions for casinos in Espinho and three in Algarve expire.<\/strong><\/p>\nCasinos in Troia and Chaves will eventually become available when their current concessions end in December 2032.<\/p>\n
Gaming Segments See Growth<\/h2>\n Portugal has a long history of land-based gambling. However, in 2015, after finalizing regulations, the online sector moved in. As a result, the industry has begun to grow exponentially on both fronts.<\/p>\n
The SRIJ reported record revenue of more than \u20ac69 million (US$68.66 million) in the last three months of 2020. In its most recent report, the regulator stated that licensed operators were responsible for gross gaming revenue of \u20ac146.4 million (US$145.69 million) in the second quarter of this year.<\/strong><\/p>\nThat’s a 17% year-on-year increase, but an 8% quarter-over-quarter decrease. The latter figure shouldn\u2019t worry casino operators, though. It came primarily at the expense of sports betting, which typically drops everywhere in the second quarter of the year.<\/p>\n
Still, both land-based and online casinos continue to perform well. As the second half of the year continues to advance, both segments should likely see significant gains.<\/p>\n","protected":false},"excerpt":{"rendered":"
Two land-based casinos in Portugal are now up for grabs. The country\u2019s gaming regulator is accepting bids for two gaming concessions, which will expire at the end of this year. Two years ago, Portugal\u2019s Gaming Regulation and Inspection Services (SRIJ, for its Portuguese acronym) extended the concessions for the casinos of Figueira da Foz and […]<\/p>\n","protected":false},"author":64,"featured_media":228062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[13363,81919],"acf":[],"yoast_head":"\n
Portugal to Turn Over Two Land-based Casino Licenses to New Operators - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n