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Cyprus Online Casinos

The Cypriot territory occupies approximately half an island in the Mediterranean (59% of 9 251 km²), being the other half Greek territory, and this is the reason why the language was spoken in Greek. The total population of the island is 1.1 million people, but only 847 008 are Cypriots, statistics of 2015. The capital of Cyprus in Nicosia, and the country has been a member of the European Union since May 1st, 2004. It has been using the Euro as currency since January 1st, 2008.

Cyprus is the third bigger and most populated island of the Mediterranean and has a long history that involves, even today, a UN buffer zone and Turkish occupation of part of the country.

Legislation

Recent changes in the country’s gambling laws conceded a license to one single casino to operate, with the condition to be integrated with a hotel and offer table games as well as gaming machines. Licenses to smaller operations also exist, but only in what concerns to slots and similar games. The region occupied by the Turkish does follow another law and has several operating casinos, though.

Unlike the majority of the remaining countries of the European Union, in Cyprus online gambling is totally forbidden, except for sports betting. This means that poker, bingo or any other online gaming is now allowed what is something unthinkable considering the reality in many other locations.

Regulation

Facing this measure to stop online gambling, many online gambling companies accept Cypriot players, so they do have a way to play online, just not with companies licensed locally. This is not a peaceful process, though, as the government actively tries to block online casinos located outside of the country from being accessed by the residents.

This is a subject taken very seriously by the Cypriot authorities that not only perform gambling raids with a certain periodicity but have inclusive arrested online gamblers. Even if regulation is very tight, it’s hard to understand this sort of fight against illegal gambling when elderly people are being arrested when they are entertaining themselves. This 2009 article depicts such a situation, so hopefully is something that doesn’t happen often.

What is allowed

The only legal way to play online is to gamble on sports, considering we are over 18. The good news here though as the winnings are not taxed, exception made to lottery winnings superior to 5.000€.

As for deposits and withdrawals, the common options are available, like Visa and Mastercard credit cards, and Skrill or Neteller eWallets. If we still need other options we can use in most casinos wire transfers or prepaid cards like PaySafe. Nothing like checking directly with the casino the options available, though.

Online casinos

As online gambling is forbidden, those that risk to play it are risking getting arrested. Talk about dangerous gambling! Those brave enough to gamble online can find quality casinos here:

Euro Palace Video Slots Guts Casino
Royal Panda Royal Vegas Mr Green