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Gaming law in Limassol, Cyprus bars both domestic and foreign persons from running or participating in any unlicensed betting activities, including online gaming. The law provides for the establishment and operation of a single integrated casino resort, as well as the operation of four satellite casinos. The Cyprus Gaming and Casino Supervision Commission oversees the operations of these gaming establishments, ensuring they adhere to all relevant laws and regulations.
Legal assistance may be required in various gaming-related matters. These include understanding the licensing process, ensuring compliance with applicable regulations, deciphering complex tax laws, pursuing intellectual property protection for gaming content, and dealing with accusations of illegal activities. Lawyers specializing in gaming law can provide advice and representation on these matters which could protect businesses and individuals from legal disputes and fines.
The Betting Law of 2019 serves as the legal foundation for all gaming activities in Cyprus. Key provisions of this law include the prohibition of unauthorized bookmaking and betting exchanges, restrictions on gambling advertising, and regulations on the opening and operation of betting shops. Violators could face fines, imprisonment, or both. The Law also established the National Betting Authority which, alongside the Cyprus Gaming and Casino Supervision Commission, oversees all gaming activities in the country.
The only form of gambling that is fully legal and operational in Limassol is casino gambling at licensed resorts. Sports betting is also legal but is strictly regulated.
Currently, the Cyprus government does not issue licenses for online casinos, meaning it is illegal to operate an online casino within the country.
Advertising of gambling games and betting services is strictly limited and must comply with the requirements of the Betting Law of 2019.
The penalties for running an unauthorized gaming operation can include a fine, imprisonment, or both.
The National Betting Authority is responsible for issuing licenses. Applications should be made directly to them.
For more information, you may refer to the following organisations. The Cyprus Gaming and Casino Supervision Commission is responsible for overseeing and regulating gaming in the country. The Cyprus Bar Association can provide a list of lawyers specialising in gaming law. The National Betting Authority is the issuing body for sports betting licenses.
If you need legal assistance in gaming, consider seeking advice from lawyers or law firms that specialize in gaming law. It is recommended that you build a brief outlining your needs and questions which can be used as the basis for your discussion with legal counsel.
