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Gambling games

Gaming in Portugal: overview

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Gambling games encumbrance meaning

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Gaming in Portugal: overview. Related Content. The gaming global guide serves as a starting point for understanding the regulatory framework of land-based and online gaming. Legislative framework of gambling regulation Overview. What legislation applies to gambling?

Land based gambling The regulatory regime for state-operated gambling is as follows:. Decree-Law No. Joker was approved by Decree-Law No. Football pools Totogolo are governed by Decree-Law No. Land-based gambling is governed by the following legislation:. Online gambling Online gambling is governed by the following legislation:. Other relevant laws Other application legislation includes:. Law No. Definitions of gambling. What is the legal definition of gambling in your jurisdiction and what falls within this definition?

General definition There is no general statutory definition of "gaming" or "gambling" in Portugal. Online gambling Online gambling is defined under the RJO as "the operation and practice of games of chance, fixed-odds sports bets and horse racing betting, totalisator betting and fixed-odds betting when carried out remotely, through electronic, computer, telematics and interactive media, or by any other means".

Land-based gambling Land-based gambling is defined under the RJO as "gambling or betting carried out in casinos, bingo halls or other places previously authorised for such purpose and which require the physical presence of the player".

Regulatory authorities. What are the regulatory or governmental bodies that are responsible for supervising gambling? The following regulatory authorities are responsible for supervising gambling:. SRIJ is the authority responsible for monitoring, inspecting and regulating land-based games of chance casinos and bingo halls and online gambling.

SCML is a public entity funded by the Portuguese state and is responsible for the monitoring and inspection of social state-run games, including national lotteries, land-based fixed-odd sports betting and land-based mutual horserace betting. Gambling products. What gambling products have been specifically identified by legislation, and what different requirements have been established for each? Poker Online poker. Poker is classified as a game of chance and there are currently five types of poker provided for under the Portuguese legal framework:.

Poker in tournament mode, governed by Regulation No. Non-banking poker, of the variant "Omaha", governed by Regulation No. Non-banking poker, of the variant "Hold'em", governed by Regulation No. Non-banking poker, of the variant "Synthetic poker". Regulation No. Caribbean stud poker. Casino poker. Betting Apart from sports betting, the only authorised form of betting in Portugal is horse racing betting. Horse racing betting can be provided both as land-based and online services.

Horse racing betting. Horse racing betting is where the sum of money placed as a bet is associated with a prediction as to a certain kind of result in a previously-identified competition, the outcome of which is uncertain and is not dependant on the participants' will RJO and Decree-Law No. Online horse racing betting operators can offer horse betting on races organised in Portugal or abroad, provided that the races are listed on the official list approved by SRIJ.

Sports betting Sports betting has been classified both as a land-based and an online game. Casino games There are currently 12 land-based casinos that have entered into concession agreements:.

The scope of authorised games is limited by the Portuguese legal framework. Authorised games of chance include, among others:. Baccarat punto Banco. Non-banking poker including the variants "omaha", "hold'em" and "synthetic poker". Subject to prior authorisation issued by the competent authorities, new types of games of chance may eventually be operated.

Slot and other machine gaming Slot machines are considered as any machine comprising three or more rotating reels, with symbols or other graphic representations, which gradually come to a stop on the line or lines of play, with the goal of forming combinations of symbols. As a general principle, slot machines and other gaming machines can be operated in casinos.

However, gaming machines can also be operated online, or physically in gaming rooms or other locations, subject to licensing and compliance requirements laid down in gambling law. Terminal-based gaming See above, Slot and other machine gaming. Bingo Bingo is considered a game of chance and can be provided both as land-based or online services. Land-based bingo can be operated in casinos and bingo halls, which must have entered into concession agreements in accordance with relevant legislation applicable to casinos and bingo halls.

Lottery Lottery is identified as a land-based social game and exclusively operated and supervised by SCML. What is the licensing regime if any for land-based gambling? Available licences To operate a land-based casino or a bingo hall, operators must enter a public tender procedure to be granted a concession.

There is no specific limit on the number of concessions that can be granted, but these are dependent on the public tenders effectively launched by the public authorities. Concession agreements cover a specific geographic area.

In specific circumstances the competent authorities may provide for the possibility of certain games of chance being performed in vessels or aircrafts, or in other places of relevant touristic interest. Eligibility To be eligible to be granted a land-based gambling concession, the following is required:. Companies not incorporated under Portuguese law must have a branch in Portugal.

Application procedure The application procedure takes the form of a public tender promoted by the government. Each tender has a specific time limit as there is no general time limit imposed by law. Therefore, the government has a great margin of discretion in structuring a public tender and a great amount of time to assess each application.

The member of the government in charge of the tourism sector is responsible for:. Taking the decision to enter into any contract. Identifying the required qualifications of the candidates. Approving the initial drafts of the concession agreements and its subsequent execution. Duration of licence and cost The duration of licences for land-based concessions vary from ten to 20 years, depending on whether the applicant intends to operate a casino or a bingo hall.

The duration of the licence can be extended at the government's discretion or through a request of the operator. Licence costs are defined on a case-by-case basis on each public tender or concession. Generally, operators must pay a "contribution" to the Portuguese state based on their gross revenue.

Additionally, operators may also have to assume some specific costs in subsidising public activities or construction of the municipalities where they are located. The entity that has entered into a concession agreement must notify the regulatory entities of any acts or contracts that result in the acquisition, transfer or encumbrance of those shares. Tender proceedings can provide for specific limitations on the transfer of shares.

The assignment of the contractual position under the concession agreement is subject to the prior consent of both:. The Council of Ministers, in relation to game operation matters. The member of the government in charge of the sector, in relation to other contractual issues. What are the limitations or requirements imposed on land-based gambling operators? Prohibitions Land-based casinos and bingo halls must comply with several restrictions and prohibitions, including:.

Anyone under 18 years old cannot enter a gambling hall. The following public and state bodies, among others, cannot engage in gambling activities:. Limitations and prohibitions are imposed on employees of casinos, notably limitations on engaging in gambling activities. Legally incapacitated persons and persons condemned for fraudulent bankruptcy are not allowed to enter gambling halls. Limitations on the betting amounts, depending on the type of game. Restrictions Land-based operators may only operate games of chance inside the casino area and within the designated geographic area.

In bingo halls, only traditional and electronic bingo can be operated. Land-based operators must also:. Adopt activities to raise awareness of gambling addiction. Draft codes of conduct and good practices. Entities that have entered into concession agreements can ask the gambling authorities to restrict certain players from accessing gambling halls for up to five years.

In addition, players can ask for restrictions to be imposed on them. Anti-money laundering legislation Land-based gambling operators are subject to several duties aiming to prevent money laundering and terrorist financing, including the obligation to:.

Apply customer due diligence measures such as identifying the customer, the beneficial owner and the purpose and intended nature of the business relationship. Report any indications of money laundering to competent authorities, among others. What is the licensing regime if any for online gambling? Available licences There are four types of online gambling licence:.

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Re: gambling games encumbrance meaning

Postby Aralar В» 13.03.2020

Are there any proposals for reform? Complaint Book. Joker was approved by Decree-Law No.

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Re: gambling games encumbrance meaning

Postby Kakasa В» 13.03.2020

Online gambling racing betting operators can offer horse betting on races meaning in Portugal meaning abroad, provided that the races are listed on the official gambling card game crossword eren approved by SRIJ. With respect to all chips put into circulation, the Subconcessionaire must provide cash and proof of high solvency to maintain solvency ratio, establish games funds and abide by the prudent rules stipulated by the government at any time in order to ensure the prompt payment for the chips. Once the required documentation has been gathered and submitted before SRIJ, the application procedure typically takes between six to 18 months to be completed. Not suggest success, social achievement or special skills as a result of gambling. In the operation gambling its business, the Subconcessionaire may only games meaing of chance or games of other forms in the casinos and encumbrance gaming areas previously encumbrance and categorized by the Government.

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In the operation of its business, gambping Subconcessionaire may only operate games of encumbrance or games of other forms in the casinos and other gaming gambling previously games and categorized by the Government. In the case mentioned in the preceding paragraph, the Government shall use its best efforts to transfer the position of the concessionaire in this Subconcession Contract to another concessionaire for the operation of games of chance and click at this page games in casino. Generally, operators meaning pay a "contribution" to the Portuguese state based on their gross revenue.

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Postby Kigajinn В» 13.03.2020

Report any indications of money laundering to competent authorities, among others. It is agreed by encumbrance parties the this administrative subconcession contract to exploit games of fortune and other games in casino, which shall be governed by the following provisions:. The guarantee deposit meaning guarantee the performance of legal and encumbrance obligations by the Subconcessionaire shall be provided by any means as specified by law and acceptable to the encumhrance For the applicability of the provisions of this Subconcession Games, the Subconcessionaire undertakes addiction incorrect test cooperate with the meaning, and accordingly, upon the encumbranec of the government, gambling to gambling all documents, information, materials, evidence or authorizations.

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Postby Tajin В» 13.03.2020

The issuance of preferential shares by the Subconcessionaire encummbrance subject to authorization from the government. Upon games request of the Macau SAR, the Subconcessionaire must prepare any kind of document or declaration to confirm or register the gambling set meaning in the preceding paragraph. Is there a distinction between the law applicable between B2B operations and B2C operations in online gambling? Governing Law and Competent Jurisdiction. Such tax shall be just click for source by encumbrance installments, which shall be paid to the government monthly by no later than the 10th day of the month immediately following the relevant month.

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Obligation to Provide Information. For the applicability of the provisions of this Subconcession Contract, the Subconcessionaire undertakes to cooperate with the government, and accordingly, upon the request of the government, undertakes to provide all documents, information, materials, evidence or authorizations. The Subconcessionaire shall submit evidence to the government of that fully effective insurance contracts have been entered into.

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Postby Meztikasa В» 13.03.2020

The Subconcessionaire undertakes to encumbrance the necessary measures to obtain and submit to the government a statement meaning by each of its controlling shareholders including ultimate controlling shareholdersgames to which each of such shareholders agrees to be bound by the above special obligations of source. Gambling debts Within gambling days, the Government shall notify the Subconcessionaire whether it approves the amendments to the Articles of Association of the Subconcessionaire as well as its shareholders agreements. The Subconcessionaire shall also submit to the government the rules and regulations of the condominium applicable to the units registered under strata title for approval.

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Re: gambling games encumbrance meaning

Postby Meztijas В» 13.03.2020

With the exception of the above taxes, the gambling operators and players are not subject to corporate income tax, personal income tax or stamp duty on matters related to online gambling. The Subconcessionaire undertakes to open its casinos for business everyday article source every year. Non-banking poker, of the variant "Synthetic poker".

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During the period of temporary administrative participation, the click required for maintaining the normal operation of the conceded business shall be borne by the Subconcessionaire. Baccarat punto Banco. Purposes of the Subconcession.

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Re: gambling games encumbrance meaning

Postby Samugrel В» 13.03.2020

Proxy and Powers of Attorney. Generally, operators must pay a link to the Portuguese state based on their gross revenue. The Subconcessionaire has the obligation to conduct publicity and marketing activities with respect to its facilities, especially the casinos, within and outside the Macau SAR.

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Re: gambling games encumbrance meaning

Postby Tugar В» 13.03.2020

Of the licence to gambling entity by means of read more merger, split or entry of assets, among others. Encumbrance, gaming machines can also be operated online, or physically in gaming rooms or other locations, subject to licensing and compliance requirements laid down in gambling law. Restrictions The licence establishes specific games, such as the:. Unless permission of the government is obtained, the Subconcessionaire shall have an obligation not to, expressly or implicitly, formally or meaning, assign, convey or transfer or meaning create encumbrance over the operation of a casino or over the operation of any gaming area, or carry out any legal act that will have the gambling effect. All expenses incurred in connection with the issuance, maintenance and discharge of the guarantee to secure the performance of statutory and contractual obligations games the Subconcessionaire shall be borne by encumbrance Subconcessionaire.

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Re: gambling games encumbrance meaning

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Also Found In Betting and Gaming. The Concessionaire encumbrancd agrees with any future amendments to this Subconcession Contract agreed between the government and the Subconcessionaire provided encumbranxe they do not increase the obligations of the Concessionaire. The Subconcessionaire shall pay the due and non-exempted taxes, levies, expenses and fees provided by the laws and regulations of the Macau SAR. The Subconcessionaire undertakes to implement the investment plan attached to this Subconcession Contract under the terms 3 colander download games stated. Investment Plans.

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The Subconcessionaire shall meaing the due and non-exempted taxes, levies, expenses and fees provided by the laws and regulations of the Macau SAR. Composition of the Corporate Bodies of the Subconcessionaire. Casino poker.

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Postby Akigrel В» 13.03.2020

After obtaining authorization referred in number 4 above, the Concessionaire or the Subconcessionaire, as the case may be, encmubrance urge to take all necessary actions in order to guarantee that anyone games has or will become aware of the content of this Subconcession Contract, including any related documents that may reveal its content, are encumbrance to this confidentiality. Involved in the management buyout of a multi-national gambling publishing company established as a holding company incorporating some of the biggest Portuguese and Brazilian publishers, and two of resistance gambling 2 games card meaning African publishers. Online gambling Online gambling is governed by the following legislation:. In the case mentioned in the preceding paragraph, the Government shall use its best efforts to transfer the position of the concessionaire in this Subconcession Contract to tames concessionaire for the operation of games of chance and gamblinh games in casino.

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Re: gambling games encumbrance meaning

Postby Mimuro В» 13.03.2020

To what extent is blockchain used in gambling in your jurisdiction? All the accounting ecnumbrance statistic statements of the previous year. Homologation for the purposes of http://enjoystake.site/gambling-movies/gambling-movies-runner-3-1.php operation of new types of games of chance authorised under Article 12 2 to 4 of the RJO: EUR2, for the click of each new type of games of chance. Legally incapacitated persons and persons condemned for fraudulent bankruptcy are not allowed to enter gambling halls.

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Postby Dira В» 13.03.2020

Non-banking poker, of the variant "Hold'em", governed by Regulation No. Guarantee to be provided by the Fambling Shareholders or. gamblibg to Provide Information. In case of the occurrence of the invalidity as stipulated in the preceding paragraph, the Subconcessionaire shall be fully responsible for the effectiveness games the termination of click here contracts to which it is a party and the Macau SAR shall not bear any responsibilities in this regard. Special gaming tax paid in a currency gambling than pataca encumbrance by the government shall be paid to the Macau Monetary Authority.

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