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Cyprus Online Gambling Bans
Thursday June 21, 2012 : ONLINE GAMBLING BANS IN CYPRUS SOON?
Legislators debate ban on all exchange and online betting
Legislators on the Mediterranean island of Cyprus, longtime haven for online gambling operators and processors, moved closer to a total ban on exchange and online betting Wednesday when the House Legal Affairs Committee progressed a measure that has been causing controversy for the last year.
Green party deputy Giorgos Perdikis said the bill impacted many interests, including the political world, and asserted that it would be a crime if decisions were not taken in the next 15 days since any delay would confirm claims of intertwined interests.
“People cannot distinguish who is involved and who is not; we’re all tarred with the same brush,” Perdikis said, referring to accusations and counter-accusations of corruption and allegations that the proposed law favours Greek state gambling group OPAP and is discriminatory.
Ruling AKEL MP Aristos Damianou protested, and suggested that Perdikis substantiate his claims and stopped playing the populist.
“The easiest thing is to be on the fringes of politics and throw stones,” Damianou said. “We challenge all those with evidence to submit it.”
Committee chairman Ionas Nicolaou rejected charges against him and members of the committee that the bill was being deliberately delayed. He said that any delays were due to the need to redefine articles in the bill.
“We would be held accountable if we allowed a law through that was full of loopholes,” Nicolaou said.
The House Finance Committee must now deliberate on the tax provisions before the bill, which specifically bans online casino games, exchange betting and betting on dog races, is sent for a vote.
The measure exempts OPAP from its provisions because the company operates under a bilateral agreement between Greece – its base – and Cyprus.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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