Cyprus as a gaming jurisdiction: Is a license required?
Cyprus has become one of the most talked-about gaming jurisdictions in Europe, and not without reason. With its inviting Mediterranean climate and business-friendly laws, the country is drawing the attention of gaming operators from all around the globe. But what makes Cyprus so appealing for iGaming businesses? And, more importantly, does running a gaming business in Cyprus require a license? If you are considering Cyprus as a base for your betting or gaming operations, here’s what you need to know. Gaming regulation in Cyprus: The legal landscape Cyprus is both an EU member state and a major international business hub. This gives companies in the gaming industry access to the whole European market, while also offering competitive tax conditions. The primary regulatory body for gaming and betting is the National Betting Authority (NBA), which operates alongside the Cyprus Gaming and Casino Supervision Commission for land-based casinos. The legal backbone is the Betting Law 37(I)/201...