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Portugal minister warns illegal online gambling may reach €24bn

Regulation

Portugal’s economy minister Pedro Reis warned that illegal online gambling could be worth up to €24bn, reportedly, during the launch of a consumer-awareness campaign. Reis invited regulators, operators and other stakeholders to submit proposals ahead of gambling legislation the government intends to present in the coming months.

The warning and planned legislation may shape enforcement and policy priorities for licensed gambling operators in Portugal.

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Regulation

ANJL projects illegal betting share could reach 82% in Brazil

The National Association of Games and Lotteries (ANJL) says a study projects that banning online casino games for licensed betting companies in Brazil could raise illegal sites' share of betting from 41% to 82%. The association also estimates that the country could forgo R$3.6bn to R$7.4bn in annual tax revenue; these are projections attributed to ANJL, not reported outcomes.

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