The End Is Near For Online Gambling In Cyprus

Written by:
Aaron Goldstein
Published on:

Cyprus, a one-time hot spot for online gambling businesses, is close to banning the industry.

From the Cyprus Mail:

MOST likely by next month the government will know whether a bill aiming to ban online gambling altogether will get the nod from the European Commission, Attorney-general Petros Clerides said yesterday.

If the Commission’s answer is positive, parliament would pass the law without further delay, he said. “I think we can expect the Commission to get back to us in December,” Clerides told newsmen.

While the bill outlaws such online gambling as slots and roulette, sports betting would still be permitted as part of the measure.

A regulatory body would be set up and taxes collected as well.

“We need to convince the European Commission that the ban is in the public interest and that it adheres to the principle of proportionality, as under the EU acquis you cannot, except under certain circumstances, prohibit the provision of services from one EU member state to another.

“We also argue that the ban is intended to combat criminality and to protect the consumer. I think we will be persuasive,” Clerides said.

- Aaron Goldstein, Gambling911.com 

Gambling News

No Social Distancing at Meadowlands With Covid-19 Questionnaire Line

If you showed up at the Meadowlands Race Track Friday evening, chances are you had to participate in a Covid-19 screening that could best be described as an "epic fail".

Things to Know About Online Bookies

Things to Know About Online Bookies

Online bookies have had a massive surge in popularity in the last 5 years.

How Do You Know if a Site is Trustworthy?

How Do You Know if a Site is Trustworthy?

With the threat of cyberhacking and dummy sites all over the internet, people always need to be careful when surfing the web. There are some easy things you should always look for when trying to decide whether or not a site is trustworthy. Here are three easy ways to tell!

Popular Gamer Dead at 31, Reported Suicide

Popular Gamer Dead at 31, Reported Suicide

The highest rated player in Warcraft and the creator of Play Everland tragically committed suicide on Thursday. Byron ‘Reckful’ Bernstein was 31.

Tigers Become First MLB Team to Partner With Sportsbook

The Detroit Tigers on Thursday announced a multiyear deal with sportsbook PointsBet, the first such partnership between a Major League Baseball franchise and a bookmaker.