No , its only mid 2015

International pool and no taxes on players according to the proposal

On this link you have the actual law proposal its 300 + pages from the ministery

http://app.parlamento.pt/webutils/do...oc&Inline=true

The taxation for PokerStars will be 30%, which could be a 50% cut of the rewards!

"Consider a case where a player pays $10 in rake and earns $3 in rewards. If we are taxed 30% of revenue, that is $3. If we pass half on to players, that is $1.50. In order to reduce rewards by $1.50 out of $3, we would have to reduce rewards by 50%, all to pass on half of a 30% tax. These numbers are just examples to make a point, not figures from any particular market."

João Figueiredo - Portugal President for Tourism; said that online gambling will be aproved within this week in Ministers Council.

So, lets wait and see...

So it was not this week.

And it seems that is not scheduled to the next few weeks too...

So...

and its done.

we are now oficially regulated, law will be a reality in 6 months.

see point 3.

Good news.

Any info. about applied tax rate?

Article 83
Special tax online gambling in games of chance
1 - In games of chance, particularly in these types of games in the COUNCIL OF MINISTERS OF THE PRESIDENCY
142
subparagraphs i) to ix) of paragraph 1 of paragraph d) of Article 5, IEJO on the gross revenue
the operator of.
2 - The IEJO rate applied monthly, the types of games of chance, is 15%.
3 - Notwithstanding the preceding paragraph, when the annual gross revenue of the entity
exploitative exceeds € 5,000 000.00, the tax base is divided into two parts:
a) up to the amount of € 5,000 000.00, applies the rate of 15%;
b) on the surplus, the rate is determined based on the following formula:
Rate = [15% x (amount of annual gross revenue / € 5000 000,00)] / 100
4 - The rate calculated in accordance with paragraph b) above has a maximum limit
30%

Article 83 only directed towards the operators i assume?

in OP segregation of player funds is mentioned, how likely is this?


definitely planning on moving to portugal in september unless there is a bad surprise that comes with the regulation.

Come man, you will love it here!

Breaking News: Portugal has published online gambling law today.

Document will be effective law in 60 days from today. Even tough i have not read it yet it seems that there are no taxes for players and we will have international pool players and international liquidity.

I plan to read all documents carefully soon and write a more detailed post about it.

Neverthless it seems that now is time to party guys!

Wp!

Amazing news. It seems like many poker players will find a new home here.

Good climate, friendly people, cheap living and no taxation on poker, what else could one ask?

And also a very good landbased place for those who grind big live events.

We are fairly near EPT Lond, Barcelona, etc...

And for a fraction of the living cost of London, for example, you get at least twice the quality of living.

all good surprises, what are you waiting for?

any news about this?

Legislation forum. 15 flat, no player tax because poker is under gambling. If these are true. The pro thing does not in theory then exist and if does, could be taxed, but just my thinking.

http://www.srij.turismodeportugal.pt...e-orientacoes/

What about the new informations?
I dont speak portugues, but spanish so i understand most of it but i need your help to be 100% sure:

- Is it true that Husngs and Spin n Gos wont be allowed in Portugal? (see http://www.srij.turismodeportugal.pt...%20torneio.pdf)

- Do they explain why? I just dont get it, most growing part of online poker for like 5 years?! Why would u regulate poker to earn more taxes but then declear those games to be illegal?

- Do they really ask us for recommendations and do we have 8 days left to send those to sugestoes.srij@turismodeportugal.pt? (last sentence in first link)




If it is who i understand it, i believe everyone who is interested in wether living in Portugal as a pro or in SnG formats (2-5 players) online should be act now and try to convince the regulators to change this ridic point in there agenda.

Thanks for your help guys!

Well tell me i am wrong and that is not the fkn surprise we should have waited for before planing to move to portugal ?

Will Hill and PKR quit Portugese market. Stars and Full Tilt also leave but say They'll be back once licenced.


http://calvinayre.com/2015/07/02/bus...medium=twitter

U should post the text , where do u read the games are illegal ??

I think u r clearly misreading and should ask a lawyer or before u post end of the world messages

I should ask a lawyer? Why is that?

"As mesas utilizadas na exploração de jogos de póquer em modo de torneio podem ter entre 6 e 10
lugares" in the link i posted. Portuguese player on pokerstrategy seem to understand it the same way when they ask "então deixarão de haver torneios HU e 4 max?....".

But i am very happy you are here now to explain us what those words mean and what is really going on.

Why ?


It depends what they mean by - torneio - if its MTT it has nothing to do with sngs
the previous text some lines up says a sng might have players until max 10 doesnt say it has minimum


1 - Yes gov is stupid as fkkk

2 - Yes people read and dont think

(btw this is not to u but to most people in general)

This is the description of what a SNG and one table tournaments are, in this document.

Max 10 players, that starts at any time when all seats are taken yada yada.

This is one of the many rules of tournaments.

The tables can have between 6 and 10 seats.


There are a lot of weird rules in this documents ATM, but i'm sure some of them will be changed. It's not time to panic just yet.

Not only the top player in Portugal are trying to make some changes to this drafts, but i'm sure poker sites will have a saying in this too. HU SNG are a popular game, they don't want to lose that income.

The supervisor for online gaming in the Portuguese Government's Tourism Department has just annouced that Portugal will have a closed market like France. For an uncertain amount of time. GG Portugal

http://www.pokerpt.com/noticias/regu...no-futuro.html

nice, regs still playing in the open market and poker still getting tougher and tougher

what is the next market to be closed?

Hey guys,

I want to move to Portugal in September 2016 and I want to continue playing poker.

I don't play on Stars. Is that possible? Maybe through VPNs even?

Thanks!