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Cyrpus Confused Over Online Casinos

The Cyprus online casino gambling industry is pretty confusing right now precisely because the Cyprian government has not clearly passed regulations that can control and protect the island residents from the foreign internet gambling industry. Right next door to Cyprus is Malta, a major international licensing jurisdiction for the gambling industry and a veritable hub of gambling activity that makes its way to Cyprus. The key to the Cyprian internet gambling industry is the fact that it’s not illegal for Cyprians to gambling at online casinos, rather the onus of the law stipulates that the organizers of internet gambling have to be caught in the act of offering illegal gambling services.

Another key issue is that all of the online casinos targeting gamblers in Cyprus are operating legally from other EU countries, and that makes prosecution harder – and it definitely makes it extremely difficult to curb the activity. There is a veritable void of legislation in Cyprus which makes the perfect loophole for the foreign online casino sites to fully operate in the country without control or really any repercussions. There are no stipulations in Cyprian law to deal with the influx of foreign internet influence.

The online casino gambling issue has become so prominent in Cyprus that the House Legal Affairs Committee has been prompted to begin making efforts to affect some new change. The biggest fear for foreign gambling sites though is that Cyprus will attempt to exclude electronic gaming from the list of agreed services that fall under the EU trade commitments.