Portugal’s new casino concession agreements are expected to generate more than 1 billion euros in state revenue over the next two decades. The Algarve remains one of the country’s key gaming regions under the new contracts.
The agreements, published in the Diário da República, cover the gaming zones of Póvoa do Varzim, Espinho and the Algarve. Together, the concessions are expected to provide higher annual payments to the State than originally projected in the public tender process.
Under the new contracts, the State will receive €6.7 million [$7.8 million] per year in fixed payments, exceeding the initial estimate of €5.2 million [$6.1 million]. This represents an additional €30 million [$35 million] in public revenue over the full concession period of 15 years.
