Legislators in Cyprus have sent a bill proposing a ban on all forms of online gambling except sports wagering to the European Commission for review. According to EU law, which prohibits restrictions on the exchange of services between and among EU nations, Cyprus’ government is obliged to ask the European Commission for an exemption in enforcing the intra-national online gambling ban.
“It is intended to combat criminality and to protect the consumer,” he said. Clerides also cited the ECJ’s 2009 finding in favor of Portugal as evidence of its rightness.
Though the proposed legislation forbids online casino games like roulette and slots, it allows for internet sports betting and the provision of licenses for retail outlets.
- the creation of a ‘Gaming Board’ that regulates all online gambling in Cyprus
- the issuing of licenses to operators who pay government taxes based on turnover, versus profit
- a ban on cash bets and the exclusive use of credit cards and e wallets, whose transactions are easier to monitor and tax
- submission by lawmakers of a bank guarantee to ensure that players receive their winnings
- the shutting down of establishments who fail to pay due taxes on time.