Free VPS Trial, no credit card required
Learn More
NetShop logo

Home

Blog

End of Era of OPAP’s gambling monopoly...

End of Era of OPAP’s gambling monopoly

End of Era of OPAP’s gambling monopoly

Published on Fri May 18 2018

In the face of today’s plenary session of the Cyprus parliament, is expected to put into force the draft law which is abolishing the agreement of the monopoly of OPAP Cyprus gambling, which exists since 2003.

The bill was drafted following a warning letter from the European Commission (EC) asking for explanations about the monopoly enjoyed by OPAP through a transnational agreement.

By adopting the draft law, the Council of Ministers will authorize a Steering Committee to select a provider, following a specific procedure, who will have the exclusive right to organize, operate and provide gaming, on terms and conditions and will be subjected to strict regulatory control and supervision.

A report released yesterday by the Cyprus Parliamentary Committee on Finance, shows that DISY, EDEK and the Solidarity Movement have voted in favor of the bill.

According to all indications, the bill will be passed in law.

Share this article

Recent Posts

Promo: How to Get Cloud & Server Hosting for Free with NetShop ISP

Promo: How to Get Cloud & Server Hosting for Free with NetShop ISP

April 08, 2021

Benefits of Malta VPS Hosting

Benefits of Malta VPS Hosting

April 07, 2021

Is Free Unlimited Hosting Secure?

Is Free Unlimited Hosting Secure?

April 05, 2021

How to Increase the Maximum File Upload Size in WordPress (6 Easy Ways)

How to Increase the Maximum File Upload Size in WordPress (6 Easy Ways)

April 02, 2021

How to choose the best Reseller Web Hosting

How to choose the best Reseller Web Hosting

March 31, 2021