|
 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CyprusThe 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 €170,000 or a five-year prison term or both. Online gambling in Cyprus is making over €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. July 9, 2012 – The Cypriot House of Representatives passed legislation that bans all online gambling and betting exchanges other than sports betting and lottery games offered by OPAP. Sports betting has been regulated with a revenue tax on all operators of 10%. Three percent of the tax revenues are to be distributed to the Gambling Board before additional distributions are made to the Cyprus Football Association of 1.5%; 0.5% to other sports associations; and the remainder going to programs fighting gambling addictions. The legislation also establishes a new Gambling Board. Gaming operators who have been conducting online casino and betting exchange gaming are set to challenge the new betting law based on constitutional and European Union legal grounds. 106 Cyprus sites support English. edit your preferences 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 Cyprus Jurisdiction News
Betfair hit by Cyprus restrictions
Cyprus move to restrict online gambling bashes Betfair shares 4.5%. 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. Online Gaming Conferences 101: A manual for new (female) employees During my brief Casino City hiatus, something very exciting happened. We hired someone to join the Online Casino City/GPWA team and she starts three days before The Poker Conference and CAP Spring in Cyprus...Considering I only have three days to spend with this lovely lady before our departure, I have taken it upon myself to create a conference manual for her, complete with pointers, warnings, pictures and names. Bingo part of Cyprus hip scene International News Brief: For teenagers and 20-somethings in the capital of the affluent Mediterranean island of Cyprus, the traditionally tame pastime of bingo has become part and parcel of a hip night out on the town. Dave "Devilfish" Ulliott keynote at poker conference Poker legend and wit Dave ‘Devilfish’ Ulliott has been invited to give the keynote speech at the Poker Conference and Expo and Casino Affiliate Program Spring Break conference. CAP Spring Break goes to Cyprus After 5 successful years, CAP Spring Break, the biggest four-day affiliate party in the industry is on tour and crossing the Atlantic to the luxurious island of Cyprus. Cyprus Bookies Welcome Gambling Proposals International News Brief: Two of the biggest betting companies in Cyprus have come out in favour of a proposal for a new law governing gambling.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
