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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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