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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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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