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Online Gambling Lawyer
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Volume: 17 Issue: 5
(May 2018)

Keywords:
electronic betting cyprus applications licensing from total 11 applications betting licences cyprus national betting authority approved ten applications some early

Jurisdictions:
Europe

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Electronic betting in Cyprus: Applications and licensing

From a total of 11 applications for betting licences, the Cyprus National Betting Authority has approved ten applications, some from as early as January 2017, while one application was withdrawn without being fully examined. Christos Ioannides, Partner at LLPO Law Firm in Cyprus, describes the conditions that need to be satisfied for a Class B bookmaker’s licence to be granted and the major provisions in regards to taxation, the processing of bets, the bookmaker’s website and the bookmaker’s accounts and registers, in what appears to have become, especially with the approval of Class B bookmakers’ licences, a very popular European betting jurisdiction for bookmakers.

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