Malta-based Bet Entertainment Technologies Ltd has officially been announced as the second ever online sports betting operator to be awarded a license under Portugal’s new online gambling licensing regime.
Bet Entertainment Technologies will be offering its services to Portuguese customers on www.bet.pt, a domain which operates on a platform provided by SBTech.
Serviço de Regulação e Inspeção de Jogos (SRIJ), the Portuguese regulator, granted the first license to offer regulated online games to a French operator, Betclic Everest Group, at the end of May.
With Santa Casa da Misericórdia de Lisboa, the Portuguese lottery operator, and the land-based Solverde casino having reportedly expressed interest in launching online operations, Bet Entertainment has commented that it “intends to secure its place of reference in the Portuguese market.”
In June 2015, Portugal introduced its new legislative framework for online gambling, which led to the withdrawal of operators such as Betfair and William Hill.
With the current SRIJ plan to share liquidity with other regulated online poker markets requiring the assent of the European Commission and a 3-4 month period to allow other EU members to comment on the regulations proposed, online poker card rooms Full Tilt and PokerStars will have to wait longer to re-enter the country.
“We selected SBTech because of their innovative, award-winning and comprehensive Sportsbetting and iGaming solutions which address all market challenges and regulatory requirements,” says Ricardo Silva, CEO at Bet.pt. “SBTech’s offering will undoubtedly give us unique competitive edge and a source for growth, extending our offering even further within the Portuguese market.”
“This partnership is testimony to SBTech’s credibility and the excellence of our localised offerings in regulated markets,” comments Richard Carter, CEO at SBTech. “It establishes us as the first B2B Sportsbetting supplier to the Portuguese online gaming industry.”