Cyprus Gambling License
In order to obtain a Cyprus Gambling License, one will have to follow their strict guidelines precisely. The decision of approval lies with the National Betting authority and with this license online gambling companies can operate legally. Cyprus offers and encourages infrastructures for gaming. Licenses offered allow for operation within online sports betting, poker rooms, lotteries, casino and bingo sites. However, gambling at online casino's is illegal. The only form of online gambling allowed legally is sports betting. This excludes betting on horse races. Nevertheless, a Cyprus gambling license is a one way ticket to a lucrative gaming industry within the island.
Corporate tax: 12,5%
But again, due to our focus on responsible gambling, we'll only reward you with a maximum of 1,000 CAD bonus to play casino online for real money. The third bonus is called Friday Reload. Every Friday, your deposits of up to 500 CAD are eligible for a 50% bonus. CasinoChan is that special online casino that you were looking for. With real money betting, you are guaranteed to get the most out of your experience every time. Choose from over 2,000 online slots, live casino games, Blackjack, Roulette or Bitcoin slots. Our real money casino offers a huge variety of deposit and withdrawal methods. In 2012, Cyprus banned all forms of online gaming except for fixed-odds sports betting and lottery sales. Betting exchanges are prohibited as well. To offer sports betting in Cyprus, a Cyprus online gaming license is required. In addition to prohibiting online gaming, Cyprus has created an online gaming.
Gambling tax: TBA%
Who manages E-Gambling in Cyprus?
Το Online Casinos Cyprus είναι μία κορυφαία ιστοσελίδα σύγκρισης Καζίνο και Sportsbook για Κύπριους. Προσφέρουμε δωρεάν πολύτιμες πληροφορίες γύρω από οτιδήποτε σχετίζεται με τα διαδικτυακά. To legally function on the market, a casino should have a gambling license from a dedicated regulatory body. There is a dedicated commission in Cyprus that issues such a document. To get a Cyprus online casino license, a casino should prove that it is safe, fair, and professional.
National Betting Authority
Overview:
Class B encompasses all electronic gambling. Applications for such a license that the applicant not be convicted by a court and for an individual must be 25 years and older. For corporates, a bookmaker license must be incorporated with premises in Cyprus. The provider must also prove that they have enough funds to pay out the players. Class B services are dealt with Section VI of the law, providers of online gambling services must adhere to the following:
– The registered name of the company,
– Registered address,
The official number and date of the licence and a statement that the use of the services by any minor is illegal under the Betting Law. All betting transactions must be handled with debit cards, credit cards or electronic funds transfer, cash handling is prohibited.
Is Online Gambling Legal In Cyprus
Minimum Share Capital for an iGaming Company:
€ 500 000.00
Licence Fee:
€30 000.00 for one year
€45 000.00 for two years
Licence Length:
1 / 2 years
Anti-Money Laundering Policy:
All operators must comply with AML legislation in force.
Country Restrictions:
The player must be 18 years and older and made aware of their actions and the fee they are responsible for. Also the provider must ensure that the player has enough funds to cover their bet. The institution must have a bank account within the Republic of Cyprus of which the player's monies are deposited in for safekeeping; this must be separate from the institutions monies.
Contact Details:
Address:
Cyprus Ministry of Finance
Michael Karaoli and Gregori Afxentiou
Nicosia, Lefkosia
Cyprus 1439
Website:www.mof.gov.cy
Email: registry@mof.gov.cy
General Information: +357 226 027 23
Online casinos licensed in Cyprus
- 24Option
- 7 Bingo
- AnyOption
- ApostenaBolsa
- Backgammon Masters
- Banc De Binary
- Banc de Swiss
- Banc Options
- BestCasino
- BestPoker
- BetCrib
- Binary 360
- Binary Banc
- Binary Markets
- Bingo Anywhere
- Bingo Bingo
- Bingo Boat
- Bingo Bytes
- Bingo Cheers
- Bingo Empire
- Bingo Flame
- BingoFest
- BingoHouse
- BingoSKY
- Bingoville
Finding a decent online casino can be a tough thing, especially if you have no clue of what to pay attention to and what's important for successful and safe online gambling. If it is the case of yours, we are ready to step in and guide you in this challenging business. At RootCasino, we work hard to help both novice and professional gamblers build their successful career and make the maximum out of online gambling.
On our website, you will find tons of information — everything you may need to know to find a professional Cyprus online casino, pick a good game, develop a winning tactic, and maximize your wins. Are you still in doubt whether to stay on our site or leave this page? Keep reading, and you will definitely find answers to all your questions.
1. 22Bet Casino Review
Reasons to play
- Above average withdrawal limit
- Top tier software providers
- Massive selection of games
- Excellent withdrawal options
Online casino guide - Rootcasino Cyprus
RootCasino is one of the professional services made with the only purpose — to make the life of gamblers easy and risk-free. Having a team of devoted experts in the field of online gambling, we do know everything about this business and will never miss a single detail, be it a new casino launch, fresh slots release, or the slightest update in the casino policy.
All gamblers are looking for the same, and we strive to cover their needs at maximum. So, on our site, you will find the following information:
– The registered name of the company,
– Registered address,
The official number and date of the licence and a statement that the use of the services by any minor is illegal under the Betting Law. All betting transactions must be handled with debit cards, credit cards or electronic funds transfer, cash handling is prohibited.
Is Online Gambling Legal In Cyprus
Minimum Share Capital for an iGaming Company:
€ 500 000.00
Licence Fee:
€30 000.00 for one year
€45 000.00 for two years
Licence Length:
1 / 2 years
Anti-Money Laundering Policy:
All operators must comply with AML legislation in force.
Country Restrictions:
The player must be 18 years and older and made aware of their actions and the fee they are responsible for. Also the provider must ensure that the player has enough funds to cover their bet. The institution must have a bank account within the Republic of Cyprus of which the player's monies are deposited in for safekeeping; this must be separate from the institutions monies.
Contact Details:
Address:
Cyprus Ministry of Finance
Michael Karaoli and Gregori Afxentiou
Nicosia, Lefkosia
Cyprus 1439
Website:www.mof.gov.cy
Email: registry@mof.gov.cy
General Information: +357 226 027 23
Online casinos licensed in Cyprus
- 24Option
- 7 Bingo
- AnyOption
- ApostenaBolsa
- Backgammon Masters
- Banc De Binary
- Banc de Swiss
- Banc Options
- BestCasino
- BestPoker
- BetCrib
- Binary 360
- Binary Banc
- Binary Markets
- Bingo Anywhere
- Bingo Bingo
- Bingo Boat
- Bingo Bytes
- Bingo Cheers
- Bingo Empire
- Bingo Flame
- BingoFest
- BingoHouse
- BingoSKY
- Bingoville
Finding a decent online casino can be a tough thing, especially if you have no clue of what to pay attention to and what's important for successful and safe online gambling. If it is the case of yours, we are ready to step in and guide you in this challenging business. At RootCasino, we work hard to help both novice and professional gamblers build their successful career and make the maximum out of online gambling.
On our website, you will find tons of information — everything you may need to know to find a professional Cyprus online casino, pick a good game, develop a winning tactic, and maximize your wins. Are you still in doubt whether to stay on our site or leave this page? Keep reading, and you will definitely find answers to all your questions.
1. 22Bet Casino Review
Reasons to play
- Above average withdrawal limit
- Top tier software providers
- Massive selection of games
- Excellent withdrawal options
Online casino guide - Rootcasino Cyprus
RootCasino is one of the professional services made with the only purpose — to make the life of gamblers easy and risk-free. Having a team of devoted experts in the field of online gambling, we do know everything about this business and will never miss a single detail, be it a new casino launch, fresh slots release, or the slightest update in the casino policy.
All gamblers are looking for the same, and we strive to cover their needs at maximum. So, on our site, you will find the following information:
- Reviews and ratings of the best online casinos;
- The selection of the best bonuses and special programs;
- Detailed game reviews and guides prepared by professional gamblers;
- Tips and tricks for a winning game.
So, we will keep you in the loop and will never let you miss a single game release or an attractive casino offer. Up-to-date information, absolute transparency, and professional approach — all these make our service stand out from the crowd.
How Do We Choose the Best Online Casinos?
Casino selection is rather a subjective business since different gamblers value different things in online games. However, there is still a pack of universal features that a professional online gambling operator should have, and we focus on all of them. Safe gambling, fair game results, top-notch gambling experience, customer comfort — these are some of the things that we keep an eye on. Therefore, when reviewing and rating online casinos for you, we stick to the following characteristics:
- Casino bonuses;
- Gaming software;
- Game selection;
- Data protection;
- Customer support;
- Mobile gambling experience;
- Banking methods;
- Customer reviews and casino reputation;
- Site navigation.
Since the online gambling market is rather dynamic, we never stop watching it out. So, you can rest assured to find 100% fresh and accurate information in our reviews, ratings, and posts.
Selection Criterion #1 — Casino Bonuses
Professional online casinos have a well-thought-out bonus policy and treat their customers with massive bonuses. Instead of just offering a welcome match bonus, a good casino has free spins, no deposit, refer-a-friend, and B-day bonuses. What is more, many of them run special loyalty programs for active casino players and high-rollers. Thus, when registering an account on such an online gambling site, you are constantly rewarded and never run out of credits.
When checking casino bonuses, it is not only bonus amounts and diversity that we are focused on. There are a couple of other things that we evaluate:
- Allowed games;
- Geo-restrictions;
- Wagering requirement;
- Bonus activity time;
- Bonus amounts;
- Allowed players;
- Demo/real-money game.
When evaluating the above, we want to make sure that you get the maximum out of the casino bonus and do not feel restricted.
Selection Criterion #2 — Gaming Software
Gaming software has a direct impact on your gambling experience and gameplay quality. So, if you do not want to play second-rate games and struggle with frequent game lags, it is better to give preference to online casinos powered by professional software solutions. Such casino online halls are mobile-friendly, work smoothly on a wide range of devices, and offer fair and bug-free games. Some of the best online casino game developers are the following ones:
- Microgaming;
- PlayTech;
- Betsoft;
- NetEnt;
- iGaming.
We take special care of your gambling comfort. That's why we pick only casinos geared by solid software solutions.
Selection Criterion #3 — Game Selection
It is easy to get bored at an online casino in Cyprus with a limited game selection. Playing the same slot for 1-2 weeks in a row is no fun. You should always have an opportunity to switch to a different game if you wish so. Top online casinos offer no less than 250 different online casino games covering all popular formats, such as:
- Slots;
- Card games;
- Board games;
- Video pokers;
- Progressive games;
- Live dealer options.
Another good sign proving the professionalism of an online casino Cyprus is its game update policy. Good online gambling operators extend their gaming library on an ongoing basis and add fresh releases to their lists.
Selection Criterion #4 — Data Protection
You should always stay 100% safe when you register at a live casino online, make a deposit, play your favourite game, or cash out the win. This is what good online casinos guarantee. To ensure your full-fledged protection, we always check what technology a casino uses and if it guarantees absolute safety to all. Automatic data encryption and the use of SSL protocols signal that a casino is safe and can be trusted. In every casino review that we write for you, you will find detailed information about casino safety.
Selection Criterion #5 — Customer Support
No one likes waiting for a reply. It is especially true when it comes to critical or pressing issues that you may be faced in an online casino. Do not you see that deposit money land on your gaming account? Have you got problems with cashing out a win? Or maybe you are stuck with the registration process? No matter what the case of yours is, you should always count on timely assistance from official casino representatives. In our top lists, we feature casinos that provide 24/7 multi-language support accessible through different communication channels.
Selection Criterion #6 — Mobile Gambling Experience
Gambling on the go is more than a trend. Every second gambler uses a mobile device to access a casino and play his favourite games. Even if you consider yourself to be a desktop user, you never know when things may change. That's why it is always better to go with mobile-friendly casinos. Being two steps ahead of you, we always think about your mobile gambling comfort and pick casinos that have either a mobile-friendly website or a dedicated app.
Selection Criterion #7 — Banking Methods
Being able to land a large jackpot is one thing; cashing it out is something different, which may be even more challenging than the former. For you not to face any difficulties with getting your money, we select casinos that work with all major banking systems and solutions:
- Credit cards;
- Debit/prepaid cards;
- E-wallets;
- Bank transfers;
- Cryptocurrencies;
- Etc.
Apart from checking the list of solutions you can use for deposits/withdrawals, we also verify transaction processing times, min/max amounts, and associated fees.
Selection Criterion #8 — Customer Reviews & Casino Reputation
It is hardly possible that a good casino has a bad reputation on the market and multiple user complaints. To know all the truth about a platform, it is best to check customer reviews on specialized forums and review sites. That's why we always check what real players and key market players think about a particular casino online Cyprus before we rate it.
Selection Criterion #9 — Site Navigation
A casino website should be made with peace of mind, meaning that you should not have problems with navigating to a particular section or finding a specific game. There should be a filter and search feature that you can use to sort out games, as well as a dedicated section with active bonus offers.
Selection Criterion #10 — Gambling License
To legally function on the market, a casino should have a gambling license from a dedicated regulatory body. There is a dedicated commission in Cyprus that issues such a document. To get a Cyprus online casino license, a casino should prove that it is safe, fair, and professional.
Online Casino for Real Money
Real-money gambling is associated with multiple-risks since you can lose your financial investment. This scenario is only possible if…:
- You pick a wrong live online casino real money;
- You decide to play a wrong game;
- You do not use a gaming strategy.
Luckily, you can always reduce the above risks, and we will help you to cope with it. Pick a good online casino real money from our lists.
Opting for the Right Casino
If you have no idea of what casino online real money to play at, then you can always find a worthy online gambling destination by taking a look at our reviews and ratings. Our gambling experts make it based on well-thought-out criteria:
- Your personal security;
- Your financial safety;
- Your privacy;
- Fair game;
- Your comfort;
- High winning odds.
All in all, by picking any online casino CY from our top list, you can be absolutely sure that there is no one to cheat you or manipulate your actions in the game. Your sensitive information is in safekeeping and is impossible to access or hack. You have a real chance to win money online.
Picking the Right Casino Game
A few people know that some casino games are easy to win, while others will hardly let gamblers pocket the main prize. It is all about winning odds and RTP coefficients. Most players neglect this information and randomly pick casino games, which is definitely a wrong move. Instead of being focused on the game thumbnail image, we recommend that you keep an eye on:
Winning odds — the closer to 100% this indicator is, the more chances to win you have. It is best to play online casino Cyprus games whose winning odds exceed 95%.
Return to player — the same refers to the RTP coefficient; it should be close to 100%. Otherwise, it will be difficult for you to land the grand prize.
RNG — if you choose the game with a random number generator, you can be 100% sure about its fairness since the game process is controlled by the internal system.
Do not know anything about the best casino games? Need someone to help you pick a good game? You can always read our game reviews to have an idea of whether this game is for you or you should pick a different one.
Online Gambling Cyprus Poker
Picking a Winning Strategy
It is not enough to be a seasoned player to win in casino games. One should develop an effective strategy to hit the main prize in a bitcoin online casino. If you are not good at building tactics, then it is time for you to check out our tips and tricks section, where gambling gurus share their experience and expertise. Find the game you are going to play, navigate to the dedicated post, and check what professional players recommend to do in order to become a winner.
Online Casino Bonuses
There are different types of bonuses that you can find in online casinos. They all come with different claiming conditions, can be used in various games, and have different limitations. We know that many gamblers have problems with understanding the key features of no deposit bonuses, match offers, loyalty programs, etc. To guide you in this business, we provide detailed and easy-to-comprehend information about the following types of casino bonuses:
- Welcome bonus;
- No deposit bonus;
- Match/deposit bonus;
- Free spins;
- Free trial bonus;
- Loyalty (VIP) program;
- Cashback bonus;
- Referral bonus;
- High-roller bonus;
- Payment method bonus;
- Reload bonus;
- Other types of freebies.
Predicting your questions, we always provide information about bonus claiming conditions, a list of games you can utilize bonus chips in, average bonus amounts, etc.
Free Online Casinos
Some of you may be looking to play free online casino games. Of course, many online operators allow for gambling in a demo mode, which means that you cannot win real money in this game. However, there are still some casinos that do not restrict your online gambling enthusiasm and unlock cash prizes even for those who play with zero investment. Are you looking for a free casino? Let us help you make the right choice. On our website, you will find tens of worthy casinos that offer:
- Juicy no deposit bonuses;
- Free spins;
- Demo game with no restrictions.
Your interests are important to us. That's why we constantly monitor the active offers and list the most attractive and beneficial on our website.
Online casino Games popular in Cyprus
Having an in-depth understanding of casino online games is half-success. This refers not only to the name of a gambling provider and the available types of the game. One should have a deep understanding of the game flow, its key features, and winning scenarios in order to be able to hit the main prize. We do understand how essential it is to you to know the core game processes. It is for this reason that we post and constantly update game reviews, guides, tips and tricks so that you could always train your gambling muscles.
Some of the key game parameters that we shed the light on are as follows:
- The general game process;
- Gameflow;
- Actions of a player;
- Key thing determining the game outcome;
- Bonus (special) features;
- Min/max bet;
- Min/max jackpot;
- Winning odds/RTP.
Of course, the type of data varies depending on the type of game that we write about. For example, the game rules in slots or video pokers vary greatly from the ones in any version of the roulette game. All in all, we cover just everything you need to know to play slot machines, video pokers, blackjack, roulette, poker, keno, baccarat, craps, etc.
Online Casino FAQ
Have you got any questions left? Here are the most common queries from users who hesitate about gambling at a particular casino.
Is It Possible to Play for Real Money?The overwhelming majority of online casinos have both paid and free game functions. In the case when a gambler wants to initially test a game in demo mode (that is, for free), then they should choose free online casino real money Cyprus or the ones offering no deposit bonuses and free spins. Thus, you can gamble free of charge without making a deposit.
What Are the Main Criteria for Choosing a Good Casino?When choosing an online gambling hall, you need to pay attention to the following features:
- A casino should have good reviews from gamblers and have never been suspected in non-payment of winnings.
- A casino should be licensed in a reputable online casino Cyprus jurisdiction and have a physical address of the company's headquarters.
- A platform should offer multi-language support to its customers.
- A site should be open to players from your country.
- A casino should provide a welcome bonus.
- A platform should work with popular payment systems.
On top of that, it should guarantee rock-solid data protection, customer anonymity, and a fair game.
Where Can I Find Information About a Casino License?Each online casino features information on monthly payout percentages as well as its license type and jurisdiction at the very bottom of its official site. But you can also find this info on the official sites of gambling regulators. Please note that the following trusted gambling authorities and jurisdictions are identified: eCogra International, Malta LGA Authority, Alderney Gambling Control Commission, Government Gibraltar, The Cyprus Gambling Commission, and the Isle of Man.
What Is the Registration Process in a Casino?The registration form is the same in almost all online casinos. It is quite easy to fill in; it will not be difficult even for those who have never played in a Cyprus casino online. If you have any difficulties or errors have been noticed, do not hesitate to contact support.
What Should I Know About Personal Data Security?All personal data that you provide during registration are confidential. Don't worry about this — they are only needed to verify and confirm your identity.
How to Make a Deposit at an Online Casino?First of all, a gambler must choose one of the available payment systems. The most popular banking systems in Cyprus are VISA, MasterCard, Neteller, Skrill, PayPal, and others. Once the funds are credited to your casino account, you can start your gambling journey.
How to Choose the Most Profitable Bonus?Many gamblers immediately pay attention to the size of the wager. Basically, this is a special condition that players must fulfil before they can withdraw bonus funds. The higher the wager is, the more times gamblers have to play before they can withdraw funds without losing them. A wager is a multiplier representing the number of times you must wager the bonus amount before you can withdraw any winnings. It is important for a gambler to keep the wager low, but this is not often possible.
Always keep a close eye on the bonus term, its conditions, as well as the size of the wager and the minimum/maximum possible withdrawal amount. If you break the last rule, then the casino Cyprus online will not disregard this, and severe penalties will follow.
What Should I Pay Attention to When Selecting a Bonus?It is very important to always read and follow the rules for obtaining and wagering each bonus. The key things are as follows:
- A bonus wager;
- Expiration date (how much time you have to use/wager it);
- The maximum allowed rate;
- The bet limit for each spin, which cannot be exceeded;
- Limit on specific slots;
- The list of supported casino games online.
Cyprus Online Shopping
For a gambler to be able to withdraw the won funds from one's account in an online casino for Cyprus, it is necessary to go through the verification process and confirm the identity. This procedure is regulated by all reputable online casinos. This measure is driven in order to prevent player fraud.