Before an online gambling site signs up its first customer, before it accepts its first bet, before the first card is dealt, it must be licensed by a recognized governmental entity.

Cyprus Online Casino License For Sale

Why, you ask? Because (most) banks won’t deal with an unlicensed sites, and neither will the various credit card companies like Visa and Mastercard.

Cypriote casinos, cruise ships, horsetracks and dogtracks - the complete gambling landscape of Cyprus. Includes Cyprus casino details, gambling news and tweets in Cyprus, area maps, Cypriote entertainment, coupons offers. In Cyprus and casino operator Melco International Development Limited has reportedly announced that its three-strong chain of Cyprus Casinos. Cyprus will soon be home to a new satellite casino thanks to a gaming license held by Melco International Development Ltd. In Cyprus, casino operator. Online gaming licenses in Cyprus are issued by the Ministry of Finance. Since 2012, the majority of the companies licensed in this jurisdiction have been exclusively bingo providers. This was when the laws were changed so that the only forms of gambling allowed are fixed odds sports betting and lottery-style games.

Yes, that’s right. We followed the money, and as it turns out, it was a very short walk. You want to take bets? Prove you’re at least legitimate enough to have a license from some governmental agency.

So that’s it — just get some government to sell us a license in exchange for some money, and we’re good to go? Well, no. If it were as simple as that, we’d all have an online casino or betting site, and the world would be a very different place.

While it is true that the early Gold Rush days of internet gambling were exciting, dangerous, lawless days indeed, today’s online gambling operators will find that even the mildest and most indulgent licensing governments are not simply rubber stamps for their license to print money.

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Below we explain exactly what the online gambling licensing authorities do. We then look at the regulatory requirements that each licensing authority puts in place.