Cyprus to
legalize online gambling
September 8
The
UK law firm, Poppleston Allen, has announced
that it has been working closely with the
government of Cyprus to create a new
Internet Gaming
legislative framework, which will enable it
to become a liberal jurisdiction and a
viable destination for online casinos and
sports books in Europe. The firm has said
that the work on the draft proposition is
just about finished and will be submitted to
the government's betting steering committee
somewhere in the next two months.
Poppleston Allen partner, Paddy Whur said that
with the two pieces of
legislation in place, Cyprus will definitely benefit
very early on from the lifting of government
monopolies and other liberalizing moves
within gambling across the EU. They will
also be able to take advantage of the
expected developments in online gaming
technology and its growth as a leisure
pursuit.
By evaluating the existing legal framework
in comparable jurisdictions, especially in EU
member states, a modern law has been
developed to offer protection to gamblers,
children and vulnerable people and to keep
online gaming crime free.
