Cyprus is an island in the Mediterranean that has a very long and interesting history. It is the third-largest and third most populated island in the Mediterranean having just over 1.1 million residents. While the Republic of Cyprus is legally recognized as a single sovereign state, it is actually divided into two separate parts. An area consisting of about 59% of the island’s land mass in the south and west are in control of the Republic but the north part of the country is occupied by Turkish forces. There is also a UN buffer zone between the two regions.
Very recently, Cypriot gambling laws were amended to allow a single casino to operate. This casino is required to be integrated with a hotel and will offer most traditional casino table games and gaming machines. Each district is also permitted to allow a single licensed gaming establishment but these smaller operations will only be allowed to offer slot machines and other VLTs.
The Turkish-occupied region doesn’t really abide by Cypriot gaming laws. This region has several fully operational casinos.
Top 10 Gambling Sites for Cyprus
What are the best Cyprus Gambling Sites and Promotions?
Online gambling is strictly forbidden with the exception of internet sports betting. Cypriots cannot participate in online casinos, poker, bingo, or any other activity except for sports betting. It is obviously a tall order to stop online gaming and many of the biggest and most respected internet gambling companies accept players from Cyprus. It should be noted that internet providers in Cyprus have blocked many of these sites and there have been cases of Cypriot internet gamblers being arrested. The authorities actively conduct gambling raids here.
For those brave Cypriots that want to participate in online casino gaming, Betfair is one of the highest-rated sites on which to enjoy casino gaming. They are offering a £300 casino bonus to Cypriot players. Unibet and Interwetten are offering €100 casino bonuses and BetVictor has up to €200 in bonuses available. Some of the biggest casino offers come from Skybook who has $1,500 available.
These and many more bonuses are found through Gamblingjudge.com’s casino promotions section. They are easy to claim and easy to use although it is high recommended that you read the terms and conditions that apply to each one.
How Regulated is the Cypriot Gambling Market?
If the Cypriot gambling market can be summed up in two words, those words would be “tightly” and “regulated”. Aside from the state lottery, horse racing, and a few sports betting shops, there is only one legal casino operating here. Cypriot gambling laws are strict and the authorities are very active in the fight against illegal gambling. They have even arrested little old ladies enjoying poker and gin rummy!!
Is Gambling Legal in Cyprus? What is the Legal Age?
Cyprus offers limited wagering opportunities. Lotteries, horse racing, and sports betting have been legal for a few years and recent laws have allowed for one casino that offers table games and slots. Each region is allowed to operate a gaming room that houses slot machines and VLTs. Sports gambling is the only form of online gaming that is legal. That means no online casinos, poker rooms, bingo, or any other form of internet gambling is permitted. The legal age to place a bet here is 18.
These laws and regulations are ignored in the Turkish-occupied region.
Does Cyprus Tax Gambling Winnings?
Gamblers in Cyprus are not taxed on their winnings with the exception of OPAP (lottery) winnings exceeding €5,000. Cypriot gambling license holders must pay taxes on revenues and through licensing fees.
What Currencies and Payment Methods to Cypriot Players Generally Use?
As a member of the European Union, the official currency of Cyprus is the Euro. It is accepted at all land-based gambling establishments as well as online betting sites. Even though online casino gambling is illegal, Cypriot players have many deposit and withdrawal options available. The most common and widely accepted method of payment is by major credit card like Visa and Mastercard. EWallets like Skrill and Neteller are also frequently used and accepted by most gambling sites for Cyprus residents. Wire transfers and prepaid cards like PaySafe are also accepted at most online casinos.
Be sure to check with your preferred online casino to find out what payment options are available.