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Portugal’s Santa Casa to lead new charitable online betting operator

10th January 2017 6:33 am GMT

Portugal's national lottery operator Santa Casa de Misericórdia de Lisboa (SCML) has been named as a founding member of the Sociedade de Apostas Sociais (SAS), a new betting operator that aims to generate funds for charitable causes in the country.

SCML will be the majority shareholder of SAS with a 54 per cent stake in the new venture, with other shareholders including a number of charitable bodies.

SAS aims to raise money [...]

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