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Unanimous parliamentary vote ends a year of political haggling
After over a year of political haggling and recriminations, Cyprus politicians were finally able to agree Friday to ban online gambling and - despite a last minute attempt to have it excluded - betting exchanges as well.
The controversial measure sets tax levels and authorises the introduction of a gambling board to licence and regulate legal gambling on the Mediterranean island.
It makes provision for the tax on net betting revenues to be distributed to sports and anti-problem gambling organisations, but exempts Greek gaming company OPAP due to a bilateral agreement between Greece and Cyprus.
The exemption has been the cause of often violent protests and property damage by local gangs, presumably involved with angry Cypriot operators who see the exemption as unfair and anti-competitive.
Speaking to the Cyprus Mail after the vote, MP and House Legal Affairs chairman Ionas Nicolaou said: “From this day we are handing over to the prosecuting authorities and the state the tools to combat this phenomenon.”
House President Yiannakis Omirou supported his call, urging law enforcement authorities to act as soon as possible against illegal operators.
House Finance Committee chairman Nicolas Papadopoulos took a pragmatic position, saying that the new law would not stop Cypriots from gambling online using offshore websites.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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