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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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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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