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Cyprus to Legalize Online SPorts Betting
Friday, July 29, 2016 : ONLINE SPORTS BETTING TO BE LEGALISED IN CYPRUS
Regions of the island under Greek control will begin accepting licence applications later this year.
The good news for online sports betting operators this week is that the areas of Cyprus under Greek legislative authority will soon legalise their activity and offer licensing.
The legalisation will apply only to sports betting, leaving bans against online casino and poker activity in place.
Announcing the changes, the president of the Cyprus National Betting Authority, Ioanna Fiakkou, revealed that his Authority will begin accepting licence applications early in October, and a month later any operator accessing Cyprus residents without a local licence will be subject to enforcement measures that will include ISP blocking.
Opening up the online sports betting market will enable the cash-strapped Greek government to raise more tax revenues, and is part of an overall plan to award a land casino licence, privatise the state lottery and licence VLTs at brick and mortar operator subsidiary venues, the local finance ministry explained.
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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