Gaming Law Update: The Cyprus government has given the go-ahead to establish a casino industry

Despite the popularity of gambling in Cyprus, government authorities have historically restricted gambling on the island. However, after much deliberation as to which model should be applied in developing this new industry, the government yesterday (18.07.2013) decided that it would issue a single license for the creation of an integrated casino resort. The Cyprus government…

Cyprus Gaming Law Update: New Gambling Law enacted

From independence, the Republic of Cyprus has strictly regulated the engagement in games of chance or chance and skill for money or monetary return. However, following Cyprus’s accession to the EU in 2004, online gambling service providers licensed in other EU Member States began to operate from premises in Cyprus. On  the 11.07.2012 Cyprus` parliament…