Portugal awards 15-year casino concession with expanded gaming sites
Portugal has finalised a new concession agreement to award a major casino contract. The deal will shape the ownership of roughly 15% of the country’s most profitable gaming assets over the next 15 years. Authorities have also confirmed plans to expand the number of land-based casinos from 11 to 14. The concession framework evaluates operators based on their tax contributions. Half the assessment relies on gross gaming revenue (GGR), while 35% comes from an annual fixed payment. The remaining 15% depends on guaranteed minimum variable contributions.
The model aims to boost long-term public income while keeping operator profits stable. Current market leader Solverde has reinforced its position following the latest reassessment. Key bodies, including the SRIJ, the Portuguese Tourism Authority, the Ministry of Economy, and the State Agency for Territorial Cohesion, have aligned on licensing fees, tax procedures, and EU procurement standards. The agreement ensures compliance with financial and regulatory requirements.
The new concession secures a 15-year contract for the winning operator. It will also increase the number of casinos across the country. The revised framework is designed to balance public revenue growth with sustainable business operations.
