Cyprus Licensed Casinos

Cyprus is an island country in the eastern Mediterranean Sea. It is located south of Turkey and west of Syria, Lebanon, Israel and Greece. Although gambling is not considered legal in the country, there are two gaming licenses available–one for casinos operating outside Cyprus, and another one for poker rooms and sportsbooks that operate inside the country.

List with the most popular Cyprus Licensed casinos

Requirements for Cyprus Gambling License

If you are an applicant in Cyprus and have registered your company as an LLC, you can apply for a license. The process is non-refundable and all prospective casinos need to provide their business details, along with financial structure and criminal history. Once your information has been checked well by the Cyprus Lotteries and Gaming Authorities, they will approve your license. Then, you need to pay an annual fee of 7000 Euros and taxes applicable to the profit of your casino.

Gambling Licenses in Cyprus

Cyprus is an island country in the eastern Mediterranean Sea. It is located south of Turkey and west of Syria, Lebanon, Israel and Greece. Although gambling is not considered legal in the country, there are two gaming licenses available–one for casinos operating outside Cyprus, and another one for poker rooms and sportsbooks that operate inside the country.

The Cyprus Government has created a regulatory body called the National Gambling and Casino Regulatory Authority (NGCRA) to oversee and license gambling in Cyprus. The NGCRA checks to see if there has been any criminal activity on the part of a casino before issuing it a license, and if there has been any violation of rules or regulations, the casino can lose its license instantly.

Gambling Licenses in Cyprus

The Cyprus Government has created a regulatory body called the National Gambling and Casino Regulatory Authority (NGCRA) to oversee and license gambling in Cyprus. The NGCRA checks to see if there has been any criminal activity on the part of a casino before issuing it a license, and if there has been any violation of rules or regulations, the casino can lose its license instantly.

The True Picture of Gambling in Cyprus

The island of Cyprus is divided into two parts, one under the control of the European Union and the other under the control of Turkey. Gambling is illegal on the EU part of Cyprus Island, so most tourists go to its Turkish part. As interest in gambling grows, the government has been thinking about lifting the ban from casinos. There will be strict rules and regulations on these casinos; however, it appears that Cyprus casinos are safe for players since they pay taxes on their annual service fees or annual license fees. Presently, certain casinos like Planet 7 Casino, WinsPark Casino and Gratorama Casino are winning hearts of many players in Cyprus.

So, this is some information you might find useful about top Cyprus casinos. There are many other online casinos to choose from, so have fun!

Article by James Sawyer - Casino Expert & Author

James is a betting and casino specialist with experience writing for a number of publications. An expert in area for about 15 years, James has huge experience in the gambling niche!