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ONLINE GAMBLING BAN IMMINENT IN CYPRUS

The home of many online gambling firms plans to ban internet gambling
 
The confused status of online gambling in Cyprus could be clarified soon, with the government completing a draft law seeking to ban the pastime.  Following government approval, the bill will now go forward for European Commission and domestic parliamentary debate.
 
The irony of a nation that is the registered home of hundreds of online gambling companies banning internet casino gambling has not been lost on many industry observers; nor has the millions of dollars that the pastime attracts to the Mediterranean island.
 
Announcing the completion of drafting on the bill, which bans internet casino games like roulette, poker, and fruit machines, the Minister of Finance, Charilaos Stavrakis, told the Cyprus Mail: “These [online] casinos have been created on every corner of Cyprus and anyone, young or old can basically gamble in the same way it is done in casinos abroad.”
 
Initial reports in the newspaper appear to indicate that internet sports betting will be permitted, but only through regulated and licensed companies. The bill provides for the creation of a gaming board in Cyprus, which will ensure that a percentage of the total betting conducted in Cyprus will accrue to the state as tax revenue.
 
The minister could not say what this percentage would be, but speculated that it would probably be around 10 percent.
 
Operators caught breaking the new law will have their premises sealed until the case has been finalised, the minister revealed in a reference to reports that when police raid illegal venues and seize equipment, the operators simply re-equip and return to business.
 
Turning to the possibility of land casinos being accepted on the island, the minister reiterated the government’s decision not to license such casinos in Cyprus.
 
“It would be an oxymoron to legally allow the operation of dozens of online casinos in Cyprus in the shape we have today and not allow the creation of a real casino,” the minister said. “With this decision the government remains consistent with its initial position that it is against the creation of [land] casinos and online casinos for social and other reasons.”
 
The Cyprus Mail notes that in his election manifesto president Christofias vowed to stamp out electronic gambling.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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