Online Betting and Gambling were regulated in 2012, establishing the National Betting Authority. This governing body is responsible for examining applications and issuing licenses, as well as auditing and supervising prospective betting sites and shops.

The first operator that was granted a license in 2015 was Melco Resorts. The operator received a license and four smaller satellites. Unlike other countries in Europe, Cyprus freely encourages and provides infrastructures for online sports betting and gambling.

The licenses allows sports betting, lotteries, bingo, casino, and poker rooms to operate freely under Cyprus laws. The gaming industry is a lucrative business in Cyprus, and it’s all thanks to the loose laws.

Thanks to the government’s license, international operators can offer their services after obtaining a Cyprus license. The progressive legislative system, first rate telecommunications facilities, and political stability are the main pillars and reasons why the Cyprus gambling license is so popular around the world.