Safer Gaming Week by Cyprus National Betting Authority

cyprus betting

Safe Gaming Week 5-11 October 2020

The National Betting Authority organizes for the 3rd consecutive year the Safe Gaming Week from 5 to 11 October 2020. The event aims to inform and raise public awareness, as well as to involve and mobilize the general public in matters of promoting Safe Gambling and safe play. the public from any harmful effects of gambling and gambling.

The start of the Week will be given with the 3rd Safe Gaming Conference. During the week, there will be training seminars, experiential workshops, presentations, interactive games and activities by the stakeholders.

The public will have the opportunity through the actions of the Week to be informed about what safe gambling means, the self-protection measures that a player can put, as well as ways to deal with gambling disorder, with the ultimate goal of keeping gambling fun for people who decide to deal with it.

The ultimate goal is to establish the Week as a platform for information and constructive dialogue on Safe Gambling, as well as a synergy between stakeholders in the field of gambling involving a wide range of society: gambling workers, family, and friends, society.

Safe Gaming Week’s message is “Let ‘s keep it a game.” Safe gambling means that the person who decides to gamble will do so without endangering himself or herself or those around him.

The program of Safe Gaming Week 2020 will be announced soon and will be constantly updated. More information about the activities of the Week can be found at www.sgw.cy.

This year, taking into account the international best practices and the suggestions of the scientific community, the Authority decided to rename the Responsible Game to Safe Game, as well as to redesign the identity of the Week. The focus on safe play highlights the responsibility of the state and gambling providers to further strengthen player protection mechanisms. “Responsible Gaming” as a phrase, indicates that the player is primarily responsible for protecting himself. This prevailing view, although correct, needs to be revised and expanded. The phrase “Safe Gaming” emphasizes that in addition to individual responsibility, there is a clear responsibility both to the state and its institutions, as well as to gambling providers and all parties involved in the industry.

Additionally, the public can get more information about Safe Gaming at  www.safergambling.gov.cy

Finally, the Authority informs the public that the actions of the Week will be carried out in accordance with the instructions and the respective decrees of the Minister of Health to deal with the coronavirus pandemic.

Update to keep the game fun!

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CYPRUS

Cyprus Betting Licence (Class B)

Cyprus Betting Licence (Class B)

Introduction

The Cyprus “The Betting Law 2012 – Law 106(I)/2012.” introduced a partial legislative framework for legislating betting activities, introducing new rules and updating some others. Introducing the “National Betting Authority (NBA)” which is the supervising authority over all betting activities in Cyprus from Land based bookmakers to online gaming operators.


Type of licenses

Class A – Regulates land based sports betting – bookmaker shops with physical Premises excluding Class B Services and horse racing.

Class B – Regulates Online based activities excluding slot machines, online casinos lotteries.

Gaming Tax       

A combined rate of 13% which consists of 10% of net revenue and 3% contribution to the Authority which 2% is allocated to the Cyprus sports Federations and 1% to gambling addiction programs as stated to the (Article 71, Betting Law 2012).

Application Proceudre

What are their application requirements for obtaining Class A or B Licence

  1. Have its shares registered in Cyprus;
  2. Is registered abroad, but has an overseas company branch in Cyprus;
  3. Bank Guarantee by a bank of Cyprus or other EU member state;
  4. Demonstrate the ability to have sufficient resources to pay players winnings
  5. Maintains a suitable control and accounting system for the provision of betting services
  6. Has the ability to comply with regulations for the protection of players as imposed by the (National Betting Authority NBA) under the “Betting law of 2012”

Technical Requirements

  • A backup server in the territory of republic of Cyprus which shall be linked to the authority’s computerized systems and have the ability to facilitate real time transactions and information’s about betting activities.
  • A specialized website address ending with TLD of “.com.cy” from the Cyprus cydns regulatory.
  • The betting platform must meet all the criteria as described in (Directive_13_2016) of Betting Law 2012

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