Introduction
Cyprus is the 3rd biggest island in the Mediterranean. It is south of the coast of Turkey, and its neighbors are Syria, Lebanon, Israel, Egypt, and Greece.
History of online gambling in Cyprus
Online gambling globally has taken off and is growing year on year. It is one of the fastest growing industries worldwide. As a result, many new operators want to join the action and open online casinos. However, obtaining a Cyprus gaming license is no easy feat as the iGaming industry is still relatively new to the territory. Founded in 2015, the Cyprus Gaming and Casino Supervision Commission, or Cyprus Gaming Commission, otherwise known as the Commission, is responsible for overseeing the gaming and casino industry in Cyprus.
In 2015 the Cyprus Casino Control Law of 2015 allowed a license to be awarded to Melco Resorts. The license granted was for a resort with a casino and an additional four satellite casinos. Melco Resorts is the only operator on the island that can provide casino services. A prominent location was chosen for this integrated casino resort, as Limassol is the island's central tourist hub. This casino license also grants the operator the right to monopolize Cyprus's online industry for 15 years. In addition, the license allows the operator to open satellite casinos in Nicosia, the capital, and other slot machine parlours throughout the country.
Read more at www.acgcs.org
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