UPCOMING EVENT

Let's Meet during iFX EXPO International 2024 in Limassol, Cyprus (18-20 June)

Book a Meeting
  • +357 2425 0808
  • Login
  • English

Home

Blog

Cyprus Government intends to regulate bi...

Cyprus Government intends to regulate bingo games

Cyprus Government intends to regulate bingo games

NetShop ISP

NetShop ISP · Blog Author

Nov 27, 2017 · Archive

The Cyprus Government intends to regulate bingo gambling, as confirmed by the Finance Minister of Cyprus, Harris Georgiades, last Thursday, at the 1st Annual meeting of the National Betting Authority.

Mr Georgiades stated that the new legislation “will secure national interest and social benefit”.

“It is an activity whose turnover, according to estimates, exceeds €100m per year but has been done in a completely unregulated way,” the Minister added.

The Finance Minister has mentioned that the parliament is discussing another bill for the regulating games offered by gambling monopoly Opap.

The Government’s policy is to reject “the hypocritical across-the-board ban, but also the irresponsible and unregulated operation,” “A blanket ban only serves lawbreakers and the black economy,” “Unregulated operation leaves society completely unprotected.”, the Minister added.

Mr Georgiades mentioned that the Government has submitted to the parliament a measure to privatise the state lottery which will be placed under the control of the National Betting Authority.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

10 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Revolut
Wire Transfer