Key Takeaways
- Portugal has agreed to look again at potential liberalization of gambling.
- A three month investigation will report back on a solution.
- New laws have been awaiting approval for over 18 months.
- The announcement was made following a meeting with the Troika of creditors keeping the country afloat.
- Budget deficits of over 7% are a well short of the 4% target for next year. Gambling revenues now look essential.
The Portuguese government has agreed to set up an investigative committee to examine new gambling laws after a meeting with its bailout creditors, the IMF, EU, and ECB “Troika.”
A 2011 report estimated government revenues of €250m in year one if new gambling laws, which have been awaiting approval for over 18 months, are put into force.
