European Online Casinos Step Up
The casino and sports betting sites of Betclic Everest Group might have obtained licenses to operate in Portugal but the competition is now about to be stepped up as PokerStars has also obtained License 005 from SRIJ that allows them to host the tournament, hold’em, Omaha, French roulette and blackjack games on the site.
PokerStars is not new to Portuguese market, but the new regulations in 2015 had forced the company to shut down its operations. It has now received licensing approval and the functions are beginning afresh. However, even after the new site is operational, the poker market online will remain within certain boundaries as liquidity aspects are limited. Other countries like Spain, France and Italy have liquidity deals in force and Portugal might share the liquidity deals soon with these European Union countries. As a result the Portuguese players can expect a growing market in this segment.
Till now the casino and sports betting sites of Betclic Everest Group have been operating along with sports book operator Bet Entertainment Technologies. There is also an offline casino operator Estoril Sol who has an online site as well. Along with Portugal the market of Bulgaria has also been opened up for the online poker companies like PokerStars. Here Bet365 already operates along with PokerStars and Bwin.party of GVC Holdings. The regulations in this country have also been renewed afresh. As a result, the member accounts are being asked to be reopened afresh under the new regulations.
These countries are seeing a slow opening up of the market of online poker and casino games. As tax coffers dry up, countries are seeking ways or new avenues for tax collection. The online casino sites are lucrative means to collect revenue as these sites see more and more participation from people all over the countries.