Online Sports Betting To Be Legalised In Cyprus

Regions of the island under Greek control will begin accepting licence applications later this year

The good news for online sports betting operators this week is that the areas of Cyprus under Greek legislative authority will soon legalise their activity and offer licensing.
The legalisation will apply only to sports betting, leaving bans against online casino and poker activity in place.
Announcing the changes, the president of the Cyprus National Betting Authority, Ioanna Fiakkou, revealed that his Authority will begin accepting licence applications early in October, and a month later any operator accessing Cyprus residents without a local licence will be subject to enforcement measures that will include ISP blocking.
Opening up the online sports betting market will enable the cash-strapped Greek government to raise more tax revenues, and is part of an overall plan to award a land casino licence, privatise the state lottery and licence VLTs at brick and mortar operator subsidiary venues, the local finance ministry explained.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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