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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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 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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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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Golden Race CEO Martin Wachter will be in Amsterdam this week for the iGaming Super Show, with plans to showcase the firm’s cutting edge virtual products How have you prepared for the event? Our tenth anniversary as a company has seen us travelling around the globe a lot recently showing off our latest virtual product Real Fighting. We’ve been in …
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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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