| The online gambling legislation's in Cyprus and Denmark, which were ironically moving in different directions, have been temporarily slowed down. In Cyprus online gambling has been allowed under the Betting Law since 2007, which was amended to make it compliant with European Union (EU) regulations. However the Cyprus government lawmakers want to amend the law again and delete online gambling from the permissible betting services. Ionas Nicolaou, chairman of the House Legal Affairs Committee, told the Cyprus Mail that the parliamentary discussions on the pros and cons of amending the law had to be stopped when it was pointed out that a full public consultation had not taken place. The EU directives require that there must be a public consultation and an impact study on possible repercussions before the preparation of any bill. SAKOP, a social organization, pointed out that neither had been conducted in the context of removing online gambling from the allowed betting services. The state has been asked to expedite the required processes but it is unlikely that the matter will come back to the Cyprus parliament till after July 2010. The Cyprus Mail has reported that presently online gambling in Cyprus has a turnover €2.5 billion a year. Source: Casinoadvisor |
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Tuesday, 15 June 2010 00:00






