AWARD WINNER

We've been recognized as "Best Hosting Provider of the Year"

Read More
  • +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
65

Free VPS Trial

No Credit Card Required.

Recent Posts

NetShop ISP EMEA Tour Continues: Forex Expo 2023 in Dubai

NetShop ISP EMEA Tour Continues: Forex Expo 2023 in Dubai

25 September, 2023

How To Resolve cPanel Error “Cannot create account because it conflicts with an unmanaged MySQL database user”

How To Resolve cPanel Error “Cannot create account because it conflicts with an unmanaged MySQL database user”

13 September, 2023

NetShop ISP Triumphs as Best Hosting Provider of the Year at SiGMA CIS/Balkans Awards 2023

NetShop ISP Triumphs as Best Hosting Provider of the Year at SiGMA CIS/Balkans Awards 2023

08 September, 2023

How To Install MySQL 8.x on Windows Server 2022

How To Install MySQL 8.x on Windows Server 2022

04 September, 2023

NetShop ISP Attend iFX EXPO International 2023 in Cyprus

NetShop ISP Attend iFX EXPO International 2023 in Cyprus

28 August, 2023

#letushostyou

Award Winning Hosting Provider established in 2004.

Best iGaming Service ProviderISO Certified

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

© 2023 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
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer