..

Cyprus Cabinet Approves Draft Bill Banning Online Gambling

Written by:
Guest
Published on:
Mar/09/2011
Cyprus

The Associated Press (CP) – NICOSIA, Cyprus — The Cyprus cabinet has approved a draft bill banning all online gambling.

Deputy government spokesman Christos Christofides said on Tuesday that the bill — which still needs legislative approval — will eliminate unclear provisions under the existing law which have turned a mushrooming online gambling business on the island into "a social wound."

Under the draft law, online games including poker, roulette and slot machines will be banned. Lotteries and sports betting will be permitted to those 18-years old and over. Lawful establishments will be taxed 3 per cent on their revenue instead of the current 10 per cent on profits to discourage cheating.

Convicted law breakers could face a a fine of up to euro €170,000 ($236,260) or a five year prison term or both.

Gambling News

These Online Casino Trends Set to Take Hold for Remainder of 2020

These Online Casino Trends Set to Take Hold for Remainder of 2020

2020 is the year we all want to escape, unless of course you are an online casino operator, run a virtual meeting platform, or food/grocery delivery app.

Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award from the National Council on Problem Gambling (NCPG).  The award recognizes the PlayersEdge casino team member training program, which was introduced in December, 2019.  The award was presented at the recent NCPG Digital Symposium and National Awards Ceremony.  In 2014, Seminole Gaming also received the Corporate Social Responsibility Award from NCPG.

PointsBet to Partner With Denver Nuggets, Colorado Avalanche, More

Sports Illustrated Gambling has learned exclusively that PointsBet Sportsbook has entered into a multi-year partnership with Kroenke Sports & Entertainment, LLC ("KSE").

New Gambling Law in the Netherlands Explained

New Gambling Law in the Netherlands Explained

From rumors to reality, the law that would legalize online gambling in the Netherlands is finally enacted by the Dutch parliament. The Remote Gambling Decree was presented to the parliament, along with two different letters filled with answers responding to questions that had earlier been raised at the previous parliamentary debates. The major points of discussion were in regards to extending the cooling-off period by six-months and whether or not to prohibit the advertisement of online gambling services. At the end of the day, the cool-off period was extended and the proposed ban on advertising was denied. 

Are Online Casinos Legal in the Netherlands?

Are Online Casinos Legal in the Netherlands?

The much-anticipated new gambling regulation in the Netherlands is changing the scene of online gambling and the gambling industry as a whole. The ministry overseeing the new gambling regulations has announced that the new legislation would transform the Dutch gambling industry. After several years of lurking in the shadows, online casino and gambling vendors are now free to roam and legally promote games to Dutch players. So yeah, online casinos have now been made legal in the Netherlands, but with a lot of rules and guidelines, enough to stifle the joy of the news. 

Syndicate