Online Gambling In Cyprus
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Is Online Gambling Legal In Cyprus
The Republic of Cyprus is actually divided into two separate parts. The internationally- recognized Republic of Cyprus controls the south and west of the island and has de jure sovereignty over the entire island. However, the north is controlled by the self-declared Turkish Republic of Northern Cyprus (TRNC). The Turkish Cypriot Parliament declared its independence in 1983. The international community considers the northern part of the island as the territory of the Republic of Cyprus illegally occupied by Turkish forces. The Green Line (the UN Buffer Zone) separates the two parts of the island of Cyprus.
Cypriots are known to have a passion for gambling. Card playing, horse racing, and football betting have always been popular. However, the Turkish and Greek parts of the island follow different policies when it comes to their approach to gambling.
In the Greek south, the state lottery, horse-racing, and football betting used to be the only authorized forms of gambling. The Cyprus authorities introduced the Betting Act 2012 to provide betting regulation. The Act regulates fixed-odds sports betting and lotteries. In 2015, the government in the southern part of Cyprus passed a casino law to legalize land-based casinos. New casinos are aimed at driving tourism in the country as well as stimulating spending from the locals.
Online Gambling In Cyprus Limassol
While gambling is generally allowed in Cyprus, its particular aspects are subject to strict obligations and restrictions. As far as betting activities and casino gaming activities are concerned, Cypriot legislation provides a clear distinction between land-based and online gambling and obliges the interested gambling operators to apply for a license. The state owns and operates gambling to a rather limited extent. Private operators are permitted to offer gambling activities authorized by the gambling legislation. The legal gambling age in Cyprus is 18.
Cyprus Newspapers
Casinos are a usual phenomenon in Northern Cyprus. There are a lot of casinos in operation in TRNC. Turkish casino operators relocated to Northern Cyprus when gambling was banned in Turkey in the late 1990s. Besides casinos, there are a number of betting offices, where sports betting as well as horse and dog race betting are popular. Today, gambling is one of the primary sectors of Northern Cyprus's tourism. Successful casino operators have been adding significantly to the economy of Northern Cyprus for many years.