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Online Casino Cyprus - Best Cyprus Casinos Online 2018

Online Casino Cyprus - Best Cyprus Casinos Online 2018

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So hurry up to play online casino Cyprus with SlotsUp! Online Gambling Laws and Regulations in Cyprus.

When it comes to online casino Cyprus legal bodies forbid all forms of Cyprus online gambling, except for the online sports betting.

This ban is effective in accordance with the online gambling law in Cyprus, passed in The authority, which will control the main gambling entity and several smaller ones, operating under the same license, is to open its doors in In terms of the online gambling Cyprus legislation owns several laws, regulating this phenomenon.

If to talk about online gambling license Cyprus has the one, issued according to Betting Act , which can be awarded only to traditional betting houses, excluding horse racing Class A and to sports betting websites, again excluding horse racing Class B.

At the moment the online sports betting is the only activity for legitimate online casinos Cyprus players are allowed to be engaged at.

When it comes to online gambling age Cyprus identifies it as at least 18 for the Internet sports betting as well as for gambling at the brick-and-mortar gambling houses.

In late NBA started to accept applications for the first gambling online Cyprus licenses to be issued.

However, exclusively the sports betting websites could apply. The same year, shortly after the application process begun, NBA issued 8 transitional licenses to the Internet sports betting companies including Winmasters and Sportingbet.

Taking all the above, there is a very limited number of legal online casinos Cyprus can offer. When we talk about safe online gambling Cyprus approves, it is only about sports betting.

However, despite blocking of thousands of websites of the online casino real money Cyprus residents keep accessing overseas websites, which accept Cypriots.

To select safe online casino Cyprus people are welcomed, check our list of the best online gambling sites Cyprus.

History of Gambling in Cyprus. To better understand the phenomenon of the Cyprus based online casinos, it is important to make a small introspective in its history.

The State Lottery in Cyprus was established in after the country gained its independence. Operating according to the governmental legislation it was enriching a state budget with the taxes.

Currently, Cyprus is nationally divided into 2 parts: Creek Cyprus and Turkish one, which is located at its Northern part. Cypriot gambling market is extremely different if to compare both parts.

While Turkish Cyprus is crowded with the gambling attractions for tourists, Greek part is only on its way to regulating the concept of the internet casino.

One thing which unites two parts together is the eurozone, which the island entered in Due to the Betting Act , passed by Cyprus government and banning all the CYP casinos, not offering sports betting, many of the local and overseas online casinos accepting Cyprus players were added to the state blacklist, which was regarded as a discrimination by the European Community, taking into account the fact that OPAP Greek Organisation of Football Prognostics S.

A gained the complete monopoly on the island. It contains several amendments to the previous legislation, including the blocking IPs and blacklisting of those websites, which are not Cyprus approved online casinos.

However, the given document is still being considered. Despite all the difficulties the Cyprus casino is currently facing, you always have our list of the top online casinos for Cypriot players.

Proudly holding their status as the best online casinos for Cypriots, they are definitely worth your attention! The sunny island Cyprus is only on its way to the regulated and well-controlled online casino CYP.

We strongly believe that Cyprus online casinos will substantially differ from the way they are now.

While the situation with Cyprus gambling sites seems murky enough, all the locals and foreign gamblers are looking forward to the grand opening of Cyprus first gambling resort , named City of Dreams.

Located at the 5-star hotel, it will be one of the best in the world. The casino offers a luxury design and top-notch services for all its visitors.

It is estimated, that the City of Dreams will attract almost , gamblers per year and establish near 11 jobs. In addition to the casino, there will be an enormous pool, 3 ballrooms, and an outdoor amphitheater.

These are only the best online casinos for Cypriot players, featuring a valid license, nice games, and clear payment policy. The NGCRA will be the sole provider of licenses and controlling of the gambling activities undertaken within the jurisdiction of Cyprus, including both online and land casinos.

The regulator wants to ensure that the casinos which are regulated by them have no connection whatsoever with some sort of criminal activities. Failure to deliver the expected and requested objectives results in banning the casino and revoking the license.

Prohibition of all sorts of gambling within the EU part of Cyprus resulted in decrease in some of the gambling tourism and people started going to the Turkish part of Cyprus.

The thirst for gambling grew larger and eventually the bubble had to blow up. That was the key reason why reforms were necessary. Eventually gambling will once again become popular in Cyprus and the government will support it, but will regulate it with a close attention.

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