This story was published more than 11 years ago.
An unnamed source in the Portuguese Ministry of Economy has stated that the government is planning to legalize online betting in order to collect up to €250 million.
Reportedly the proposal by the government was introduced at the end of the year as a way to cover the cost of bankers' retirements, which is expected to be €478 million this year alone. Currently online betting is outlawed in Portugal.
No other details were given by the source, although Casino Listings will keep updating this story as we learn more.