Why Casino Licensing Is Important?
Casino licensing is of paramount importance in order for a particular online casino operator to work efficiently. This is because, currently, there are many online casinos that are not regulated, and therefore they are incapable of ensuring a transparent gaming environment. However, what every punter is looking for is a safe and secure gaming atmosphere. For that reason, checking the casino licenses in the first thing you should take into account when choosing your favorite online casino. There are many authorities out there who are responsible for issuing licenses to online casinos. The Gambling Inspection and Regulation Service (Serviço de Regulação e Inspeção de Jogos) are, for example, is responsible for the control, inspection and regulation of gambling activities on the territory of Portugal. So, without further ado, let’s find out what is the mission of the organization and whether it conducts its business successfully or not towards Portugal licensed casinos?
Portugal Licensed Casinos
The Gambling Regulation and Inspection Service is an integral part of Tourism of Portugal, I.P. and it is subject to the authority of the Tourism Secretary of State. The authority has proven to know how to regulate the gambling market in the territory of Portugal. As far as the online gambling and betting options are concerned, the Gambling Regulation and Inspection Service control, monitors and regulates the following types of games and betting: Sports betting, Horse race betting, and Games of Chance. So far, we have received no complaint on behalf of the Gambling Inspection and Regulation Service, meaning that Portugal licensed casinos are completely trustworthy and reliable. Some of these casinos include famous and respected names such as True Flip Casino, EgoCasino, and FezBet Casino. However, rest assured that this list is not conclusive, meaning you can still gain access to numerous operators that are regulated and licensed in Portugal. In other words, Portugal licensed casinos to keep players safe and secure. When it comes to players’ protection, the respective authorities in Portugal make sure that each online casino works in compliance with the law and therefore that it ensures a secure gaming environment. For that reason, if you are on a holiday in Portugal, or you are a citizen of the country, rest assured that your casino experience will be positive from a legal perspective.
Online Betting Up 50%
The Portuguese iGaming market is, currently, flourishing. This can be indicated by the fact that the online gambling revenues for the first quarter of 2021 climbed 47.5 percent reaching €69.8million, up from €47million in comparison to the first quarter in 2019. In fact, online gambling revenues have overtaken those of land-based facilities for the first time in the first quarter of the year. As you might guess yourself, slots were the biggest revenue earner in the casino sector, accounting for almost 70 percent of takings. The evolution of the gaming industry in Portugal is associated with the fact that six more licenses were issued to operators. Once again, this proves that the Gambling Inspection and Regulation Service knows how to run a successful business. Put it in a different way, the demand for online gambling in the Portuguese regulated market is “very demonstrative of the fact that players identify this as a legal means that offers guarantees of reliability and security, where they can place their bets safely, protected and with confidence and having a regulatory body (the SRIJ) to which they can turn, if necessary”
Advantages of Playing at Portugal Licensed Casinos
There are many positive aspects of playing at Portugal licensed casinos. The first point to bear in mind is that the country has a respected authority which ensures that the gaming environment in the country is legal, safe, and secure. This means that each player can rest assured that their personal and financial information will be well-protected. What is more, playing in a licensed online casino will mean that you will play some of the most thrilling casino products, created by developers such as Microgaming, NetEnt, and Pragmatic Play. Besides, Wazdan has just entered the Portuguese iGaming market, so imagine the popularity Portugal licensed casinos have gained. Generally speaking, Portugal has a unique approach towards the iGaming industry as it is rather liberal, which means that players are provided with amazing variety in terms of gambling. Nevertheless, before making up your mind to become a member of an online casino, we do encourage you to familiarize yourself with its terms and conditions. Lastly, we encourage you to play responsibly and we wish you a bit of good luck and amazing winnings.
Finally, you can still take advantage of our overall listing of the best online casinos, currently, on the market, so do not miss this exciting opportunity.