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Online Gambling to be Banned in Cyprus

28 July 2010

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The Cabinet in Cyprus decided on Tuesday that online gambling in Cyprus should be made illegal.
 

Over the last couple of years we have seen an increasing number of betting/gambling shops opened in Cyprus.
 

Whilst it is illegal to gamble in Cyprus and there are no casinos, online gambling where the bets are placed abroad was seen as a loophole in the law.
 

The new decision by the Cabinet will mean that the use of internet casinos, fruit machines and other forms of electronic gambling will be made a criminal offence after approval from the House.
 

However Finance Minister Charilaos Stravrakis said that betting on sports such as football in Cyprus or abroad would not be affected.
  

 

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