Bwin Continues Legal Battle with Portuguese Gambling Monopoly

Published Monday, February 13, 2012 - Online-Casinos.com

It was revealed last year that the Portuguese online gambling market was worth an estimated €600m, reason enough to introduce legislation for the legalization and regulation of the industry in that country. The Portuguese economic situation is far from ideal and the revenues that a liberalized online gambling industry there would help ease the strain.

The Portugal News Online has revealed that someone reported connected to the Ministry of the Economy heard  that the Prime Minister Pedros Passos Coelho’s administration is anticipating the collection of  €250m derived from  online “gambling concessions” in the year 2012. According to the reporter with little detail in place regarding the internal government document that considers the idea of online gambling as a source of revenue to fill in the social security obligation deficit of €478m. It is suggested but without real facts that the €250m figure includes taxes and it is not clear what types of online gambling will be allowed or the structure with which a liberalized market will be formed. 

Santa Casa de Misericordia de Lisboa is Portugal’s existing online gambling monopoly which has recently won an appeals court victory challenge with Bwin. Bwin has since complied and removed all advertizing and sponsorship funding to sports franchises located in Portugal much to the dismay of struggling sports clubs in the country. , Santa Casa de Misericordia de Lisboa is also looking for €27m and interest in restitution from the embattled  Bwin organization. With the case being sighted as precedent setting the Monopoly is expected to utilize the decision by the Porto Tribunal da Relação to file suits against as many as thirty other internet wagering firms with BetClic up on the list of targets. Bwin intends to maintain the fight and is intent on getting a reversal of the decision from Portugal’s Court of Second Instance. Bwin is also considering the fact that the European Commission may rule the Portuguese gambling monopoly noncompliant with European Union regulations.

 

 

 

 

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