Changes in Cypriot betting

Changes in Cypriot betting

from / BETTING NEWS / Thursday, 23 March 2017 23: 10

Changes have been happening to the giant in recent times and only indifferent do not leave us! After timely information on changes to the bet365 license in Cyprus, two new licenses came to "shook" the waters of the Cypriot betting world. More specifically, its licensing Betfair and Meridian Gaming (CY) its a fact.

Along with these licenses, the National Betting Authority has ceased operations around 2000 + illegal online bookmaker operating at a local level. These were addressed to online casino and poker friends, since these services have been banned by 2012 in line with the then changes in law.

Obviously, these actions are happening because the two new legitimate companies along with those that were licensed in the past (bet365, stoiximan, sportingbet) are taxed 13% on turnover, of which 2% goes to Cypriot sports clubs. In short, a substantial amount of Cypriot sport will be gaining, and thus an important step is being taken to suspicious betting that has been characterized at times as a source of income for small and medium-sized groups.

End, TRIPS in OPAP relations and Cypriot authorities have been set up since the beginning of March following the denial of the Greek company's financial control due to its economic outcomes. Many agencies have come to the forefront of the authorities and are scrutinized extensively.

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