Cyprus Gambling License

Background Of Cyprus Gambling Licenses

A while back, all forms of betting and gambling in the country were illegal and not controlled. This changed back in 2012. We can see that this is the time when the first Betting Law in 2012 was brought to light. According to this law, online casino games are still illegal. But online betting is not. Then we can see that in the same year National Betting Authority became available. You can still enjoy Cyprus casinos if you like.

NBA, or National Betting Authority, controls the betting sites on the island. They need to provide a proper permit for the online gambling operators who want to offer their online sports betting options to the people. The permit here is not affordable. The fee for an operator to get the license is €30,000. The renewal is even more expensive. It is around €45,000. There is also a revenue fee of 14%.

We do know that license Cyprus issues will change any time soon. This is another country of many that will legalize online gambling and provide a proper license. We also know that [people from Cyprus love to gamble, so it is only a matter of time when the online casinos are able to get a proper permit.

Advantages Of Cyprus License Casinos

If you want to know a lot more about gambling here, you need to know something about the pros and advantages. The gambling license Cyprus offers will make any site more appealing and beneficial. Here are some of the advantages players can get.

• Ultimate Safety

All of the sites for betting and gambling share the same advantage. They are safe. A Cyprus gaming license means that the site meets all the rules and requirements. If the site breaks the rule, it will lose the permit, and this is not something an operator will ever do.

• Fair Games

It also means that a site with a license will offer fair games, the ones that are tested and approved. For you, this means that you can play a game and actually win and withdraw the winnings. It is definitely an advantage you will want to see present and available to all sites for gambling/betting.

• Meets Specific Laws

All sites that have a local license will meet the local laws. This can make a difference more than you may believe. In other words, the site will look and feel precise as you like and want.

• Proper Customer Support

It is a huge advantage as well. Casino Cyprus sites for punters will always have proper support that can be contacted at any given moment. This means that you can get help when you need it the most, and you can resolve the problem in no time.

Disadvantages Of Cyprus License Casinos

A Cyprus casino is not a perfect place to gamble. None is. All you need to know is that all sites that have a permit do have some issues or downsides we will have to list here. These should help you get a better idea about gambling.

• Limited Games

These sites may offer fewer games than sites that don’t have a license or have some other license. See, every single gambling authority will ban certain games due to numerous reasons.

• Expensive License

This license is expensive, and as such, not a lot of sites can afford it. This can be a problem if you want to play at your favorite site, but it is not licensed because it is new or a small operator.

Trustworthiness

Here we will have to talk about the trustworthiness of the National Betting Authority or NBA if you like. All we can actually add is that the authority in this case scenario is one of the latest and the most advanced. They have some of the hardest requirements to complete, and they have a lot to offer to players and bettors.

All of this means that their permit is one of the strongest in the world. The operators will have to meet the latest local law, which does have a lot to limit and allow.

All we can say is that the trustworthiness in this case scenario is above average, and players will never have a problem when they play at the operator with the local license. For most of you, this is all it takes to start playing at these operators and have fun. There are no issues or any problems you need to know about.

Publicity

A gambling casino in Cyprus can be the most popular of them all or the completely unknown operator, depending on how you look at it. Some players prefer these sites, and they want to enjoy a superb level of security and fairness. Others are not familiar with the license, so they will look for another option.

We can add that this is changing massively. Online betting and gambling in the country have been rising for the last few years, so we can see more and more operators offering their betting services here. What this means is that the popularity of the gambling authority here will rise as well, and more options are going to be a real thing any time soon.

Contact Information

Website: www.nba.gov.cy

E-Mail: [email protected]

Telephone: +357 22 881800

Mailing Address: Digeni Akrita 83, Nicosia 1070, Cyprus