Portugal's gambling regulator Serviço de Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) has awarded Estoril Sol Digital Online Gaming and Products Services, SA, a second online gambling license, putting the number of issued online gambling licenses in the country to eight.

The second online gambling license allows Estoril Sol to offer sports betting on its website estorilsolcasinos.pt. It was also the company which got Portugal's first online casino license under the government's new regulated online gambling market last year.

Estoril said it will use its Belgian platform Gaming1 to offer a range of sportsbetting products at its newly rebranded Esconline.pt site. The sportsbook includes a Gaming1-developed feature, called Opti-Odds, which promises to boost the odds of any multi-bet slips.

The online gambling license was awarded to Estoril amid the challenge of getting new customers. In an SRIJ report, the market's seven online licensees reported revenue of €25.4 million in the second quarter of 2017-the first sequential revenue decline since the market launched in June 2016.

Aside from a decline in revenue, SRIJ also reported that new online customer registrations slowed dramatically in Q2. Only over 64,000 new accounts were registered, which is barely half the 112,000 new accounts registered in Q1.

The issuance of Estoril's second license should mark as a turning point for operators to rally and generate more revenue for the Portuguese gambling market that is facing decline.

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