Cyprus Heads for Online Casino Ban

  • 10000.00 Dollar US$
  • Published date: February 8, 2021
    • Usasd, 212,, United States

Cyprus is a Mediterranean island that hosts a large number of online gambling operators, most of which offer online casino portals. There is a shortage of land casinos in Cyprus. Internet connectivity is conveniently available. Therefore online gambling has flourished on the island, with Cypriots gambling on offshore and local websites. In 2008 the reported extent of online gambling was to the tune of €2.5 billion.
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Deputy government spokesman Christos Christofides told the Associated Press news that under existing laws a burgeoning online gambling business on the island has become a "social wound". The problem is that presently online gambling is not explicitly illegal, and hence by exclusion it must be regarded as legal. The chairman of the island's parliamentary Legal Affairs Committee, Ionas Nicolaou, summed up the situation last year when he said, "95% of electronic gambling services in our country operate legally because they are provided over the Internet and there is no authority [on the island] where one can apply for a permit."

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