Cyprus adopted gambling activities regulation law back in 2012. The popularity of sports betting among Cypriots dictated that betting over the Internet becomes regulated. Cyprus Gambling License is one of the most popular licenses for online casinos worldwide. The government of Cyprus offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. The gaming industry is a pretty lucrative business in Cyprus. You can come across a few gambling establishments like betting shops, bingo, and keno halls in almost any of the main streets.

Nevertheless, the state of Cyprus encourages and provides infrastructures for gaming and it offers licenses to operate within online poker rooms, sports betting, lotteries, casinos, and bingo sites. The agrarian sector of the economy is gradually diminishing as the service sector assumes prominence. The country is a member of the European Union and therefore the currency that is mostly used in Cyprus is Euro. There is also a UN buffer zone between the two regions.Ĭyprus is one of the island countries in the Mediterranean Sea and it is situated close to Egypt, Greece, and Turkey. An area consisting of about 59% of the island’s landmass in the south and west is in control of the Republic but the north part of the country is occupied by Turkish forces. While the Republic of Cyprus is legally recognized as a single sovereign state, it is actually divided into two separate parts. Greek, English, and Turkish are the official languages. It is the third-largest and third most populated island in the Mediterranean having just over 1.1 million residents. Cyprus is an island in the Mediterranean that has a very long and interesting history. The Republic of Cyprus is a democracy with a presidential system of government.

Gambling authority cyprus