Gambling Law In Cyprus

'The Gambling Law of 2012 (160(I)/2012)' regulates the Gambling sector and has entered into force since 2012. The legislation introduces and imposes regulations and proceedings that a natural or legal person has to comply with, enabling such person to conduct and/or run activities which are interrelated with gambling, whether electronic or not. 

The legislation established the National Gambling Authority, which is defined as an independent Institution/Body, authorised to manage various issues including deciding whether or not to grant a licence, controlling and/or monitoring the persons who conduct business in the field, as well as supervising such persons as to whether they are in compliance with the national legislation.