JUE 28 DE NOVIEMBRE DE 2024 - 04:55hs.
Government’s decree-law

Portugal approves measures to extend validity of casino contracts

This Thursday (12), the Council of Ministers of Portugal approved the exceptional measures for the exploration of gaming in Algarve, Espinho, Estoril, Figueira da Foz and Póvoa do Varzim, and an additional period may be granted for the validity of the casino concession contracts. The country approved a decree-law that could be granted an additional period for the validity of concession contracts in those regions.

The government of Portugal, through the Council of Ministers, approved a decree-law establishing exceptional and temporary measures applicable to the exploitation of games of chance in Algarve, Espinho, Estoril, Figueira da Foz and Póvoa do Varzim gaming areas .

According to a statement issued by the Council, taking into account the impact of the restrictions imposed to control the COVID-19 pandemic, an additional period may be granted for the validity of the concession contracts in the aforementioned regions.

With these measures to extend casino concessions, the Portuguese government intends to "contribute to the restoration of the concessionaires' financial balance," as stated in the statement from the Council of Ministers.

Source: GMB