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Thus, online gambling in the country is partly prohibited, and consequently, there are no Cypriot casino licenses on the offer for online operators. Moreover, foreign​.


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The Betting Law also made all forms of online gambling in Cyprus completely illegal. The only exemption is OPAP, a state-run lottery that offers sports betting as.


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The licence regime pertaining to betting differentiates between land-based Class A and online Class B operations. The application must be accompanied by a bank guarantee see question 2. Section 45 requires the holder of a betting shop licence to place and maintain, in a prominent position: a the licence for the premises; b a sign prohibiting entry for underage persons; and c the terms and conditions of the operator. Moreover, the NBA assesses the business and financing plan of the applicant for the next three years, anti-money laundering and know-your-customer procedures, internal procedures and agreements with third parties. Terminals may only be used in land-based operations.

ICLG - Gambling Laws and Regulations - Cyprus covers common issues in gambling laws and regulations β€” including relevant authorities and legislation, application for a licence, licence restrictions, digital media, enforcement and liability β€” in 39 jurisdictions.

Online operators cannot accept cash for providing betting services or facilitate it through providing credit section 62 of the Lawand all principal support provider contracts are reviewed leander games slots the Authority during the licensing process.

Under the Law, online casino games cyprus offering of illegal gambling services as well as the participation in illegal gambling are criminally punishable, either by imprisonment or fine or both.

Unlicensed entities, whether licensed in other jurisdictions or not, are prohibited from offering betting services within the Republic of Cyprus without a licence issued by the NBA. Who online casino games cyprus it in land-based form? Furthermore, certain restrictions are imposed through the Code of Advertising issued by the NBA in terms of content, timeframes, sponsorships and responsible gaming messaging.

National Betting Authority of Cyprus. Class B online betting applicants are subject to the additional requirement of establishing a back-up server within the Republic, capable of copying in here real-time data relevant to the provision of these services.

Land-based operators may offer their services either through their own establishments or through authorised representatives. As noted under question 2. The Authority, depending on the seriousness of the offence, may impose an administrative fine which may not exceed EURThis is regardless of whether the licensee is criminally online casino games cyprus under the provisions of the Law or under any other legislation.

Enforcement action most often takes the form of criminal prosecution by the Police, usually of Authorised Representatives and unlicensed individuals, for the provision of illegal betting products through land-based premises.

However, it is worth noting that through the enactment of the new Betting Law ofthe NBA has now the statutory power to impose administrative penalties to its licensees section Penalties are imposed to licensees acting or omitting to act, either in breach of the Law, regulations, directives or licence conditions.

This obligation, according to section 18 of the Law, extends to directors and anyone in possession of a significant interest in the applicant company. These websites include contact details regarding the operator and a link to a dedicated Responsible Gaming site specialising in assisting problem gambling.

Under Part VI of the Law, online operators may only register adult persons electronically and each person may only have one account. Player verification must occur within the first 30 days of registration, during which no funds can be withdrawn prior to verifying the identity, the address and the age of the player.

Overseas companies are required to be registered as a foreign company at the relevant registry of online casino games cyprus Department of Registrar of Companies of Cyprus. Please include in this answer any material promotion and advertising restrictions.

While accepting cash is prohibited for providing Class B betting services, it is permitted for Class A betting services. The Certain Games of Chance Act is the new framework under which these games are offered, under a single licence, with the National Betting Authority as the new regulator.

This new piece of legislation is intended to introduce new products for the licensees and powers for the NBA, unify certain sectors of the industry with the exception of state-granted monopolies and allow innovation to flourish, ultimately positioning Cyprus as an international gaming hub.

Moreover, online operators must offer traditional self-help tools such as loss limits deposit, bet or loss limitstime limits and self-exclusion, while the cooling-off period is set at seven days.

Skill games and competitions with no element of chance.

In any occasion, a Premises Licence for each betting establishment should be obtained either from the Class A licensee or the Authorised Representative. Specifically, the provision of betting services without a licence is a criminal offence punishable on conviction by imprisonment for up to five years or a fine of up to EUR , or both section 79 of the Law. Also, regulations regarding Player Protection are at the final stages of drafting. Not regulated. Relevant Authorities and Legislation 1. The Authority should be convinced that the applicant has or may obtain satisfactory financial resources and retains the minimum required financial reserves so as to ensure the payment of winnings to the players, maintains a suitable control and accounting system for the provision of betting services, applies terms and conditions which ensure satisfactory protection to the player and ensures the suitability of any other equipment proposed to be used. The Authority has yet to impose financial penalties see question 4. The following laws apply: a Betting Law of β€” L. The said sign as well as the terms and conditions must be available in Greek, English and Turkish. No distinction is made between operators located inside Cyprus and those located outside Cyprus. No other licence is expected to be issued for the time being. Licensed premises are not allowed to offer or provide any service or product other than those licensed. The sale of food and drinks is prohibited and even the facilitation or promotion of Class B operations within a betting shop is not allowed. Who regulates it in digital form? The NBA is currently in the process of drafting new legislation aimed at overhauling the current Law. Ministry of Finance. Cyprus has incorporated the 4 th Anti-Money Laundering Directive into domestic legislation through the amending of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of β€” Consequently, in an effort to guide the market into a uniform implementation of these amendments, the NBA has dedicated its efforts to issuing both an AML directive and a practical guide addressed at online and land-based operations. At the moment, credit card, debit card, electronic transfer and electronic money are provided for as the sole means of payment for receiving Class B electronic betting services. Telecommunications are in turn defined as communications via: a Internet; b telephone; c television; and d any other electronic means or other technology. The dialogue with the operators has concluded and the directive is now at the final stages of drafting. The practical guide is set to address, amongst other matters, the concerns of Class A operators regarding the EUR 2, threshold provided in the 4 th Anti-Money Laundering Directive, especially given that until now, land-based betting was completely anonymous. The same sentences are provided for the provision of illegal betting such as spread betting, exchange betting, slot machine betting, online casino betting and dog-racing sections 86, 85, 83, 84 and 87 of the Law, respectively , while whoever participates in illegal betting is punishable by imprisonment of up to one year or a fine of up to EUR 50, or both section In respect of advertising, criminal liability is provided for specific types of advertisements, e. Part of a series of changes, this legislation will be the outcome of a long and constructive dialogue between the relative state authorities, social partners, licensed operators and all relative stakeholders. Those offences are punishable on conviction by imprisonment for up to six months or a fine of up to EUR 30, or both, while advertising in order to promote any illegal betting such as spread betting, exchange betting, online casino betting and dog-racing are punishable on conviction by imprisonment for up to one year or a fine of up to EUR 50, or both section 89 of the Law. According to section 28 of the Law, Class A and Class B licences may have a duration of either one or two years. Have fines, licence revocations or other sanctions been enforced in your jurisdiction? Moreover, a new Code of Advertising is currently being finalised by the Authority, following an open consultation process with all relevant stakeholders and the public. Cyprus Gaming and Casino Supervision Commission. Cyprus: Gambling ICLG - Gambling Laws and Regulations - Cyprus covers common issues in gambling laws and regulations β€” including relevant authorities and legislation, application for a licence, licence restrictions, digital media, enforcement and liability β€” in 39 jurisdictions. Licence valid overall for 30 years, while for the first 15 years it will be an exclusive concession. Online operators, on the other hand, have an obligation to verify the identity of all new players within the first 30 days of registration section 60 of the Law and may not allow any withdrawal of funds if the account details are yet to be verified section 63 of the Law. Moreover, all licensees are subject to an annual licence fee. Moreover, the applicant company must have a share capital of at least EUR , and submit to the NBA a bank guarantee of EUR , from a commercial or cooperative bank offering banking services in Cyprus or in a Member State of the European Union. Nicosia Race Club. There has only been one recorded licence revocation since the enactment of the Betting Law of It involved a land-based operator refusing to comply with its licence conditions. Section 30 of the Law provides that the NBA may issue regulations to define the amount of licence fees. Section 26 lists a number of circumstances where licence revocation is mandatory. Various betting activities such as slot machines, online casinos, betting exchanges, spread betting and dog-racing betting are explicitly prohibited see question 4. Does your jurisdiction permit virtual currencies to be used for gambling and are they separately regulated? The vast majority of betting establishments are operated by these representatives. Applications for renewal must be submitted at least three months prior to the licence expiration date section 18 of the Law. A betting licence applicant must provide details pertaining to all facets of his business. Relevant Product. These include financial information, criminal history and current proceedings as well as any participation or interest in any other commercial activity. The NBA has, in accordance with section 69, implemented an ISP-blocking list which is updated on a weekly basis and essentially blocks entry to unlicensed betting providers. According to section 96 of the Law, irrespective of the provisions of any other law of the Republic of Cyprus, any dispute in respect of an agreement relating to a bet processed in accordance with the provisions of the Law is not an obstacle and does not prevent the taking of any legal steps to enforce the agreement, subject to any rule of law or provision in the law relevant to the nullity of an agreement due to illegality. Provided that the services are legal, the NBA does not impose limits on any of the services offered by the licensees but does in fact review all related terms and conditions, in accordance with section 18 of the Law, in order to ensure adherence to the Law and satisfactory protection for the player. National Betting Authority. Please see questions 3.