Location: Cyprus
Casino boom in Northern Cyprus raises concerns
In the shadow of international isolation, Cyprus’ occupied north is gambling on a high-stakes future: doubling its number of casinos to... more
Northern Cyprus promises 28,000 new jobs with casino law change
The north’s ‘economy minister’ Olgun Amcaoglu on Thursday evening promised that “at least 28,000 new jobs” will be created as a... more
New bill may allow Turkish Cypriots to enter casinos
Fresh amendments to the north’s gambling legislation put forward by its ruling coalition may, if passed, allow Turkish Cypriots to enter... more
Proposed casino cash exemption in Cyprus sparks money laundering fears
A proposed bill that looks to exempt casinos from Cyprus’ €10,000 cash transaction cap has been met with strong opposition, as critics... more
Cyprus approves betting levy increase to support football clubs
In a tightly contested vote, Cypriot MPs have approved a bill increasing the levy on licensed betting operators from 3% to 4.5% of net... more
Cyprus gambling revenue tops €1 billion in 2023
Revenue generated from gambling in 2023 exceeded €1 billion , marking a 79 per cent jump compared to 2020 the National Betting Authority... more
OPAP secures exclusive concession agreement in Cyprus
OPAP has entered into a long-term concession agreement with the Republic of Cyprus for the exclusive provision of games of chance in the... more
North Cyprus casinos to have their tax bills halved
Casinos in the north will have their tax bills halved after the passing of a new law, Turkish Cypriot opposition party MP Erkut Sahali said... more
Cyprus total GGR increases 6% in 2023
The National Betting Authority of Cyprus has announced financial figures for the fourth quarter and full year of 2023, for both its... more
Cyprus launches self-exclusion service for gambling and betting activity
Cyprus has launched the National Self-Exclusion Platform. This was developed and managed by the National Betting Authority as part of the... more
