The Betclic Everest Group is all glad to receive its fourth online gambling license. Yes, the news was confirmed by the national gambling regulator, Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ). It has issued an online casino license to Betclic Everest Group, which further has a local subsidiary under the name, BEM Operations Ltd. The news came last Friday, after which the company is extremely happy. No doubt, in the row of acquiring a casino license, betclic is not a new face at all.

About Betclic Everest Group

Betclic operates in Portugal under the domain name of Betclic.pt. It has set its name in the casino industry as the expert bookmaker offering live sports events, Roulette, Poker and a wide array of online casino slots like Jack Hammer Slot. Within a very short span, this casino has captivated the attention of hundreds and thousands of punters of all the age groups. It is a fact that this casino already had an online casino betting license. According to the news, Betclic was the very first operator that was deemed sponge-worthy by SRIJ. The company finally came up with the launch of new regulated market in the month of April recently.

Licensed Operators in Portugal

While talking about the licensed betting operators in Portugal, the country has two of them and two other online casinos. These include Malta-based Bet Entertainment Technologies and local land-based casino operator Estoril Sol. Yes, it is true that the number of licensed betting operators in the country is very few but the influence of these casinos on Portuguese is enough to drive them to the casino gambling in huge numbers. However, the country is still looking forward to issue the first online poker license, as no company or operator has been able to claim that.

When it comes to the population of Portugal, it is only about 10 million, which are just a million more when compared with the population of New Jersey. As a result of this, to make the poker market of Portugal worthwhile, it needs the liquidity sharing with the operators present in the regulated market of European Union. Nonetheless, the mission seems tough, as the government of Portugal is toiling hard to fulfill all the requirements and other legal paperwork with the European Union in order to turn the liquidity sharing idea into reality.

The Status of Poker Regulations Draft

Anaon, the local online gambler’s association showed concern over the delay of the same. It further stated its disappointment, as even after the five months of the expiry of the deadline, no comments have been made on the latest draft of poker regulations by the government. Further, no discussions have further been taken on the draft that permits exchange betting. However, the final versions of the draft are still due to be sent to the EC.

According to the rules of the EC, the EC has all the powers to impose a compulsory standstill period of at least 3-4 months for the present members of EU to state their comments even if the regulators of Portugal have got their act together. This simply means that only after this standstill period is over, EU members will be able to express their opinion and Portugal will be able to proceed with the poker license issuance.

In addition to this, Anaon has released a note that almost 15 months are over by now after the government ordered the exit of international online gambling sites. The exit is necessary if these sites wish to be considered for licensing. Thus, it is expected that things will get better and Portugal will soon proceed with its poker licensing.