Prior to 2012, all kind of gambling used to be illegal in Cyprus. Gambling and gambling operations used to be punishable by law.
However, after 2012, it passed a betting according.
According to this, a gambling authority is required to obtain a license from the National Betting Authority for offering their services. Also, Betting Law has made different types of online gambling in Cyprus just illegal.
There is but one exemption OPAP. It is a lottery which is state-run which offers sports betting.
Eventually, online casino in Cyprus is turning out to be a leading destination for all kinds of gamblers.
Online Casino Cyprus License and Security
The National Gaming and Casino Regulatory Authority are going to be the only provider of license. It controls the gambling activities within Cyprus jurisdiction. This is for land-based, as well as online casinos.
The primary aim of the authority is finance related matters of licenses when it comes to online casinos in Cyprus. They want to make sure that the casinos they regulate don’t have any connection with any kind of criminal activities.
The licensed online casino for Cyprus is governed by the code of the Regulator of the gambling activities. If the casinos are not able to cater to the objectives and deliver what is required, it can lead them to be banned.
Gaming Choices Offered At Online Casino In Cyprus
Irrespective of the complicated online casino Cyprus jurisdiction, the operators are working really hard to provide a complete gaming collection. There are few best online casinos Cyprus which offer all kinds of games to the players of the country.
However, before you start playing in any one of these casinos, you should check the gambling laws and whether the casino abides but it. This way you will have a better understanding of the situation. You will be able to enjoy slots, roulette, blackjack, video poker, baccarat, Caribbean Stud, and Casino Hold’em.
In case you want to experience the thrill of a land-based casino, you can try out the live gaming section. With this, you will be able to derive equal excitement and thrill without having to leave the house. It is the ideal combination of live and online gambling. With time, it is gaining a lot of popularity.
As a matter of fact, it has become a must for all online casinos. Online casinos offer high-quality live dealer games. In these casinos, each and every game has a different kind of tables to choose from. Every table will have a different kind of betting limit. Thus, it is ideal for low or high rollers.
User-Friendly Online Casinos In Cyprus
Online casino Cyprus features easy to navigate and sleek website. The casinos offer great customer support and multilingual interface. With this, you will get help from different gaming stages. Irrespective of what you are, a newbie who is taking the first step to gambling or a professional, it is better to know the pitfalls of gambling.
You will get help with problems you might face when you use a gambling site. The online casino in Cyprus legal has customer support which is available round the clock. You will be able to reach out to them through live chat, email, or phone.
Welcome Bonus and Other Offers
In case you are surfing the website for more than an hour and yet didn’t come across any casino bonus then it is definitely not the best online casino Cyprus. Usually, the welcome bonus details are listed on the first page. In fact, it enumerated coherently so that you don’t get confused.
You need to understand what you need to do in order to get an award. A Cyprus casino that offers controversial information on bonus at the bottom portion of the webpage should be avoided.
New, as well as old casinos need to be responsive. In simple words, it needs to look great on any kind of screen you are using. It can be a tablet, desktop, or mobile. High-tech mobile casinos or classic flash ones are going to be loaded with features.
Online Gambling Laws and Regulation in Cyprus Casinos FAQ:
Payment Methods at Online Casino in Cyprus
When you look for the best online casino in Cyprus, you will have to search for the one which comes with the best payment methods. This helps you to deposit and withdraw money. The payment methods accepted at Cyprus casinos are,
- Money operations can be performed through debit or credit cards.
- Bank wires are also known to be accepted.
- Online casinos also accept e-wallets such as Neteller, Skrill, PayPal, and various other local services.
It is a rule to display the available payment methods at the top of the casino. This indicates the terms and conditions which includes the time period in which the operation had been performed. Make sure that you check the payment procedure so that you do not lose any money.
Cyprus Online Gambling History
In order to know to about the online casinos of Cyprus online casino license, online casino games Cyprus, and various aspects of it, it is necessary to delve deeper into it. The State Lottery at Cyprus had been established in 1960 with the casinos gaining independence. Since it operated under governmental laws, it enriched the stated budget with taxes.
At present, Cyprus is divided into two parts, Turkish and Creek. Cypriot gambling industry is entirely from these two. Turkish Cyprus is filled with gambling attractions, while the Greek part just regulates the concept of an online betting site. The thing that unites both the things together is the Eurozone. This came into being in the year 2008.
As the Betting Act of 2012 banned all CYP casinos which didn’t offer sports betting, but several overseas online casinos accepted players from Cyprus had been blacklisted. This was regarded as discrimination by the European Community considering the fact that OPAP has secured a monopoly over the island. This led to good revenue in 2018 developed by OPAP.
In 2017, Cyprus government came up with a new legislation known as the Betting Act 2012 to EC and Malta. It has many amendments to the last legislation. Nevertheless, given documents are still going to be considered.
Future of Cyprus Online Gambling
Cyprus is heading towards a regulated online casino scene. In time to come, online casinos of Cyprus are largely going to differ from the way it is now.
At present, online gambling at Cyprus seems to be murky. Foreign, as well as local gamblers are hoping for a grand opening of the first gambling resort of Cyprus called the City of Dreams. It is located in a 5-star hotel. As a matter of fact, it is going to be one of the best gambling destinations in the world.
It offers top-class design and excellent services to visitors. It is being estimated that the gambling destination is going to attract over 300,000 gamblers every year and establish about 11,000 jobs. Apart from the casino, there is also going to be a pool, outdoor amphitheater and 3 ballrooms.
All gamblers are waiting for their dream to turn into a reality.
Everything You Need To Know About the Cyprus Online Casinos!
Even if the online casinos are illegal in Cyprus at present, there are some international operators who welcome players from this part of the world. Before you jumpstart your casino experience, make sure it is licensed and is legal in Cyprus.