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Online gambling situation in Cyprus
 March 22, 2009, 4:18 am (2 years ago)According to the Cyprus Mail, a pair of illegitimate land gambling and Internet casino accessibility is causing the Mediterranean island of Cyprus to pay an expense of Euro 2.5 billion a year. The newspaper was quoting a proclamation to the House Institutions Committee by Finance Minister Charilaos Stavrakis, who was attacked with deputies’ questions regarding why there is no regulation that prohibits or rules online bets.
Cyprus has turned out to be an extensively utilized center for online gambling e-cash processing companies. Deputies were notified that association of the European Union means that Cyprus needs to deal cautiously with any effort to obstruct the rule of free movement of goods and services amongst member nations, and this was obscuring the circumstances. Nonetheless, the government is ready to seek an exception from the rules to the extent that betting and gambling is concerned so as to guard the local business.
1. JoeAdams
March 10, 2011, 6:34 pm (8 months ago)
The bill that has been drafted to ban online gambling in Cyprus has been approved.
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