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Cypriot Online Casinos


Cypriot Online Casinos

Cypriot Online Casinos

Gambling has always been a popular activity in the Mediterranean island of Cyprus, particularly amongst the nation’s Turkish population in the north,
which boasts a host of casinos and other gambling venues and facilities. In addition, Cyprus is a renowned online gambling jurisdiction which means that
it can award online gambling licenses to foreign operators and firms.

Supported Languages Greek, Turkish
Currencies Euro (EUR)
Preferred Payment Methods Credit Cards

Gambling In Cyprus

The attitude towards gambling in Cyprus is dependent on geography. For instance, in the southern (Greek) part of Cyprus, gambling is strictly
controlled and not overly widespread. But in the northern (Turkish) part of Cyprus, gambling is widespread as virtually all forms of gambling are
permitted and available.

In fact, in 2010 Cypriots reportedly spent over €100 million on gambling (including online) which prompted the Cypriot government to begin considering
measures to reign in the gambling industry as well as introduce better controls, with a view of cutting down on rampant and problem gambling on the
island.

Online Gambling In Cyprus

Online gambling is permitted in Cyprus because it is one of the world’s top online gambling jurisdictions. This means it is one of the few nations
that can issue foreign online gambling firms with a license to operate. As such, many of the world’s leading online casinos, bingo halls, sportsbooks
and poker rooms are hosted and licensed in Cyprus.

Amongst the locals, online sports betting is especially popular, as they prefer to bet online to avoid high taxes levied by local betting shops.
Although online gambling generates hundreds of millions of euros in revenues, the government has indicated that it wants to ban the popular internet
activity where it citizens are concerned.

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