Online Casinos in Cyprus
Cyprus is a divided country, with the Northeast of the island being occupied by Turkish forces who claim the territory as the Turkish Republic of Northern Cyprus. And, for a long time, only that side of the country offered land-based casinos, which was an important part of their tourist attractions. However, as online casino news sites report, since 2018 that the South has entered the business, although online casino sites in Cyprus are still illegal.
|Are online casinos legal in Cyprus?||No.|
|Are casino sites in Cyprus trustworthy?||Yes.|
|Can I deposit via PaySafeCard/Neteller/Skrill?||Yes.|
|Do online casino sites accept EUR?||Yes.|
Online Casino Laws in Cyprus
According to Section 81 of the Betting Law of 2019 [L. 37(I)/2019], “Any person who participates in a bet conducted in violation of the present Law or participates as a player in a slot machine or in online casino games, in bets conducted via a betting exchange, spread bets and bets on dog races conducted in violation of Articles 83, 84, 85, 86 and 87, shall be guilty of an offence, and if convicted, shall be liable to imprisonment for a period not exceeding one year or a fine not exceeding fifty thousand euros (EUR 50.000), or both.”
But there are also sentences to those who are caught providing these games. The same article states that operators “shall be guilty of an offense, and if convicted, shall be liable to imprisonment for a period not exceeding three (3) years or a fine not exceeding one hundred seventy thousand euros (EUR 170.000), or both.”
Thus, online gambling in the country is partly prohibited, and consequently, there are no Cypriot casino licenses on the offer for online operators. Moreover, foreign online casino sites are actively being blocked for accessing the Cypriot market and there have been reports of gamblers being arrested. Yet, many websites accept players from Cyprus, offering them some of the best online casino bonuses and online casino promotions available on the market.
Online Casino Payment Methods in Cyprus
There are several payment methods available when depositing and withdrawing winnings. Of course, these are all transparent and reliable so that operators keep providing gamblers with safe and fair environments. Accordingly, the credit and debit cards of VISA and MasterCard are usually accepted, but there are also alternatives that are as efficient. These include Skrill, Neteller, PayPal or PaySafeCard. For more information, consult the online casino reviews directory.
Online Casino Sites Accepting EUR
Although gambling in casinos online is not legal, Cyprus benefits from sharing the same currency as many other European countries. This means that there are many online casino sites accepting EUR, which enables Cypriots to be exempt from paying conversion fees.