The home of many online gambling firms plans to ban internet gambling The confused status of online gambling in Cyprus could be clarified soon, with the government completing a draft law seeking to ban the pastime. Following government approval, the bill will now go forward for European Commission and domestic parliamentary debate. The irony of a nation that is the registered home of hundreds of online gambling companies banning internet casino gambling has not been lost on many industry observers; nor has the millions of dollars that the pastime attracts to the Mediterranean island. Announcing the completion of drafting on the bill, which bans internet casino games like roulette, poker, and fruit machines, the Minister of Finance, Charilaos Stavrakis, told the Cyprus Mail: “These [online] casinos have been created on every corner of Cyprus and anyone, young or old can basically gamble in the same way it is done in casinos abroad.” I...
Comments