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ONLINE GAMBLING A COMPETITIVE THREAT IN CYPRUS
Tuesday October 4, 2011 : Parliament discusses regulatory ban again
Over a year on from its original proposal, politicians on the Mediterranean island of Cyprus are still debating a selective ban on some genres of internet gambling.
This week the head of parliament's legal affairs committee, Ionas Nicolaou, cited the competitive pressure exerted by illegal internet gambling and urged lawmakers to hasten regulatory moves.
Over a year ago the island government started discussing the banning of internet poker and online casinos in Cyprus, while allowing online sports betting to take place....so long as it is offered by locally licensed outlets.
The justification was to “combat criminality and to protect the consumer”, but the proposal came into conflict with European Union principles of free movement of goods and services due to its fundamental inconsistency.
At the time, Attorney General Petros Clerides warned: “We need to convince the European Commission that the ban is in the public interest and that it adheres to the principle of proportionality, as under the EU directive you cannot, except under certain circumstances, prohibit the provision of services from one EU member state to another.”
It appears that the government is still wrestling with the problem, with Nicolaou applying pressure for immediate action due to the competitive threat that online gambling represents to betting that the government regards as legal.
Nicolaou claimed that the spread of 'illegal online gambling' has contributed to a significant drop in legal betting, supporting his assertion with data that shows a 20 percent drop in 'legal' turnover between 2008 and 2009 – from Euro 107 million to Euro 82 million – which remained the same in 2010.
Among the revenues impacted was horseracing, which recorded a 20 percent drop between 2008 and 2009 and a 10 percent decline in 2010.
The Greek betting organisation OPAP, which also operates in Cyprus, has been affected by illegal online gambling as well, Nicolaou said, claiming that the numbers illustrated the need for urgency in regulating the situation to ensure that the state collects the necessary tax and protects people from illegal betting.
Earlier this year the Cyprus deputy government spokesman, Christos Christofides, described online gambling in Cyprus as “a social wound” with islanders spending around Euro 2.5 billion a year with online gambling operators.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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