Portugal’s government has announced a temporary extension of its existing casino licenses. This move comes as new regulations have delayed the launch of a planned 15-year concession tender. The Directorate-General for the Economic Activities (DGEA) confirmed the measure. It ensures uninterrupted operations for gaming establishments across the country.
Portugal Extends Casino Licenses Amid Tender Delays
The decision to extend these licenses addresses a critical timing issue. Portugal’s current casino concessions were set to expire. However, recent legislative changes introduced new requirements for public tender procedures. Decree-Law No. 10/2024, published in the Official Journal, updated these rules significantly. This new legal framework necessitated a pause in the tendering process. Without the extension, many casinos would have faced closure.
The extensions provide a vital buffer for the Portuguese gaming sector. Each license will be prolonged for an initial six-month period. This period can be further extended by another six months if the new tender process is still incomplete. This guarantees stability for casino operators. It also protects thousands of jobs within the industry. Furthermore, it ensures the continued flow of tax revenue to the state. The DGEA’s directive aims to maintain market confidence during this transition.
Affected Operations and Future Outlook
Several key regions and their associated casinos are impacted by this decision. These include gaming establishments in Espinho, Figueira da Foz, Monte Gordo, Póvoa de Varzim, Troia, and Vilamoura. Additionally, Estoril-Sol, a major player, sees its concessions for both Lisbon and Estoril extended. Notably, the Casino da Madeira operates under a distinct agreement. Its license remains valid until 2030, unaffected by these current changes. The government’s action prevents a significant disruption across these popular destinations.
The delayed tender, once launched, is set to offer concessions for a substantial 15-year term. This long-term commitment aims to provide greater certainty for investors. There is also potential to increase the total number of casino concessions beyond the current ten. In 2023, the government established a specialized study group. This group was tasked with preparing the necessary regulatory framework for the new concessions. This upcoming tender represents the most significant overhaul of Portugal’s gaming laws since 1989. Stakeholders anticipate modernised regulations to support industry growth.
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