Portugal has issued its seventh online gambling license as operators continue to believe they can make money online despite the government’s tax-heavy regime.

On Monday, the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body announced it had issued online gambling License 007 to Sociedade Figueira Praia, who will offer online sports betting under the Casino Portugal brand at Casinoportugal.pt.

The new license brings Portugal’s total number of online sports betting sites to three – joining Betclic Everest Group and Bet Entertainment Technologies (BET) – since the country launched its regulated online gambling market in May 2016.

The SRIJ has also issued three casino licenses and one poker license, although two of those casino licenses were granted to Betclic and BET, so the addition of Sociedade Figueira Praia brings the number of unique companies operating in Portugal’s regulated online market to just five.