Betway Exits Portugal as GM Gaming Limited Surrenders Operating Licenses

GM Gaming Limited, the entity operating the Betway brand in Portugal, has withdrawn from the regulated Portuguese market after voluntarily surrendering its operating licenses.

Portugal's Gaming Commission (Comissão de Jogos do Turismo de Portugal) confirmed on January 5, 2026, that it approved the operator's request to revoke licenses No. 021 and No. 022, which authorized online gaming and betting operations through the www.betway.pt domain.

Immediate Market ExitFollowing the revocation, GM Gaming Limited is no longer authorized to offer online gambling or sports betting services in Portugal. The decision takes immediate effect, removing Betway from the list of licensed operators in the jurisdiction.

The voluntary nature of the license surrender suggests a strategic business decision rather than regulatory action. Betway's parent company, Super Group, has been restructuring its European operations following its 2023 SPAC merger.

Market ContextPortugal's regulated online gambling market has seen several operator movements in recent years as companies evaluate the commercial viability of maintaining licenses across multiple European jurisdictions. The SRIJ maintains a public register of all currently licensed entities for player reference.

Operators and affiliates with Portuguese traffic should update their partnerships and redirect strategies accordingly.