10/12/2014 20:16
The Council of Ministers has approved a bill that regulates the establishment, operation, supervision and control of casinos, which provides for setting up an authority to regulate and supervise casino resorts and casino game establishments.
The aim of the proposed legislation is to restrict casino games in the Republic of Cyprus within strictly controlled international standards, with strict control by the state on the type of casino games offered, the bets, and the machines allowed.
Furthermore, the bill aims to combat criminal activity linked to gambling and especially money laundering, to provide protection to the citizens and make gambling safe, to protect under-aged persons and the vulnerable groups of the population, and to provide assistance to those addicted to gambling.
The aim of the proposed legislation is to restrict casino games in the Republic of Cyprus within strictly controlled international standards, with strict control by the state on the type of casino games offered, the bets, and the machines allowed.
Furthermore, the bill aims to combat criminal activity linked to gambling and especially money laundering, to provide protection to the citizens and make gambling safe, to protect under-aged persons and the vulnerable groups of the population, and to provide assistance to those addicted to gambling.
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