Tag Archives: Cyprus

Cyprus seeks EC clearance of reworked national gambling framework

The government of Cyprus has submitted its restructured national gambling regulatory framework, to be reviewed by the European Commission (EC). Cyprus is seeking to modernise its national gambling framework, allowing for new regulations and licensing for both retail and digital betting services. Cyprus had first submitted its ‘Betting Law 2017’ proposal last June to the Commission. The EU had requested …

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Nick Tofiluk departs UKGC to lead The Cyprus National Gaming Commission

The UK Gambling Commission (UKGC) has informed that Executive Director and Regulatory Operations lead Nick Tofiluk has departed the organisation to become the Chief Executive of Cyprus’ National Gaming & Casino Supervision Commission. As a UKGC executive, Tofiluk has led the UK governing body’s regulatory operations since 2007, overseeing the implementation of a number of industry-wide UK mandates, regulations and …

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Expansion seeking BtoBet makes its move in Hungary and Cyprus

BtoBet

BtoBet has built on the success of its appearance at the Entertainment Arena Expo (EAE) by preparing to present at two more Eastern European roadshows in Hungary and Cyprus. Having “tightened the link” with authorities in Romania such as the Association of Gambling Organisers ROMBET, the iGaming and sportsbook software provider is now targeting “farsighted local operators” at two more …

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‘Industry First’…SBTech moves into Cyprus with Winmasters betting platform partnership

Industry platform and software provider SBTech has announced an ‘industry first’ becoming the first sportsbook provisions supplier to enter the regulated Cypriot online betting market in partnership with licensed operator Winmasters. The partnership sees the launch of Winmasters.com.cy online betting portal in both Greek and English languages. SBTech secured its contract, to enter the Cypriot online betting six months ago …

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Melco & Hard Rock consortium wins first Cyprus casino resort project

Cypriot business news sources report that the city of Limassol will gain the country’s first casino resort to be operated by the consortium of ‘Melco-Hard Rock’ (Melco International and Hard Rock Entertainment). The consortium expects to finalise contracts for a 30-year licensing agreement with the Cyprus National Gaming Board and Casino Supervision Commission this April. The Melco and Hard Rock …

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Stanleybet launches €12.5 million ‘virtual events’ claim against Cypriot government

European gambling operator Stanleybet is suing the government of Cyprus for breaching European Union trade and business policies. Filing a claim under Stanleybet Malta, the operator is seeking compensation in excess of €12.5 million for loss of operating profits, legal costs and restriction of services relating to the ‘2012 Betting Law’ which banned wagering on Virtual Sports terminals. Furthermore, Stanleybet …

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Clarion confirms 91 first time exhibitors for ICE 2017

Clarion Events has confirmed that a total of 91 gaming organisations from across 34 nations will be exhibiting at ICE for the first time in February 2017. Kate Chambers, Managing Director of Clarion’s gaming division, has described the large number of first time exhibitors as the ‘X Factor’ in the success story of the industry’s biggest B2B gaming event. For first …

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Cyprus government reviews OPAP monopoly arrangement

OPAP Q3 bounce back hurt by continued lottery declines

Seeking to prepare its market for future regulations, the National Betting Authority of Cyprus (EAS) has begun its crackdown on online gambling sites deemed to be targeting national consumers. The actions of the authority have been granted by the Cypriot Finance Committee with a view of creating fair market conditions for sports betting operators seeking a Cyprus license application. The …

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BetConstruct opens strategic office in Nicosia Cyprus

Betting and gaming technology and platform supplier BetConstruct has announced the opening of its regional strategic offices in Nicosia Cyprus. BetConstruct detailed that the Cyprus office would form part of its new international sales and client services development initiative, as the developer outlines future growth in 2016. BetConstruct Cyprus will be headed up by Regional Business Development Director Sergio Monjian. …

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