gaming regulator has awarded its second online sports betting licence to Bet
Entertainment Technologies, operator of Bet.pt.
The Bet.pt site went
live on Tuesday July 5th, with Bet Entertainment pledging to offer thousands of
betting markets each day.
It includes a number
of popular features including cash-out options and a special no-risk offer for
new bettors, offering to refund losing bets of up to €25.
The offering is
powered by SBTech’s sports betting platform, which Bet Entertainment describes
as being “at the forefront of the online gambling industry since 2007.”
solutions to various brands and online gaming companies, which generate a
volume of annual betting more than one billion euros,” the operator added.
opening its doors to foreign operators, bet.pt becomes just the second private
operator to secure a sports betting licence since May, when regulator Serviço
Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) approved Betclic
Everest Group to re-enter the market.
The slow roll-out of
sports betting brands in the market is attributed to the country’s high
iGaming tax rate. Operators are taxed at a rate of between 8 and 16 per
cent of turnover for sports betting, with casino rates set at between 15 and 30
per cent of turnover.