Cyprus
Address
Cyprus Ministry of Finance
Michael Karaoli and Gregori Afxentiou
Nicosia, Lefkosia
Cyprus 1439

Website

General Information
+357 226 017 23

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Cyprus Jurisdiction News

Cyprus: End neigh for online gambling
Cyprus has an online gambling ban in the works, needing only the nod of approval from the European Commission.

Cyprus to end online gambling
Cyprus to ban online gaming, regulate online betting on sports and introduce a gambling board.

Cyprus and Monaco adventures: Part 1
So here we go again...I am back from Cyprus and Monaco, and what a wild ride it was. This week I will provide you with the usual online gaming conference aftermath and juicy tidbits of information for your reading pleasure. Next week I will review my experiences in Monaco with the Redbet.com team, Timo and Aleksi the ice throwing Fins, crazy Karim and Achmet.

Off to Cyprus...with the latest GPWA Times magazine
So...we are not bringing any brand new and delightfully uninformed females to Cyprus. Only me. Sorry boys! When arriving in Cyprus, I will also be accompanied by numerous boxes of GPWA Times magazines- hand carried on the plane of course- to be distributed at the Poker Conference for your reading pleasure.

Cyprus

The Cypriot government licenses online lotteries, betting exchanges, casino gaming, and sports betting.

In 2007, the Cypriot government began preparing a bill that would impose a stricter set of rules for the licensing of online gaming in their country. A previous bill had been submitted to Parliament in 2006, but it was soundly rejected by the parties involved.

Cyprus moved closer to banning online gambling when the Cabinet approved a draft bill in March 2011. The bill outlaws online games such as roulette, poker, and slot machines, but allows for licenses for sports betting outlets. It also provides for the creation of a gaming board that will regulate betting within Cyprus. To ensure that the government does not incur loss of tax revenue, the bill designates that licensed gambling venues on the island will be taxed at 3% of turnover instead of 10% on profits. And to show how serious the Cypriot government is about the ban, punitive measures are included, with fines of up to EUR 170,000 or a five-year prison term or both.

Online gambling in Cyprus, is making over EUR 2.5 billion a year and is currently regulated by the Betting Law, which was amended in 2007 to comply with EU legislation for the free provision of services across borders.


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Cyprus
Address
Cyprus Ministry of Finance
Michael Karaoli and Gregori Afxentiou
Nicosia, Lefkosia
Cyprus 1439

Website

General Information
+357 226 017 23

View All Gaming Jurisdictions
 
Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW!

Cyprus Jurisdiction News

Cyprus: End neigh for online gambling
Cyprus has an online gambling ban in the works, needing only the nod of approval from the European Commission.

Cyprus to end online gambling
Cyprus to ban online gaming, regulate online betting on sports and introduce a gambling board.

Cyprus and Monaco adventures: Part 1
So here we go again...I am back from Cyprus and Monaco, and what a wild ride it was. This week I will provide you with the usual online gaming conference aftermath and juicy tidbits of information for your reading pleasure. Next week I will review my experiences in Monaco with the Redbet.com team, Timo and Aleksi the ice throwing Fins, crazy Karim and Achmet.

Off to Cyprus...with the latest GPWA Times magazine
So...we are not bringing any brand new and delightfully uninformed females to Cyprus. Only me. Sorry boys! When arriving in Cyprus, I will also be accompanied by numerous boxes of GPWA Times magazines- hand carried on the plane of course- to be distributed at the Poker Conference for your reading pleasure.

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