Industry news
Whilst Cyprus is home to many online gambling companies, the legal position of internet gambling remains tenuous. At present, online gambling in Cyprus comes under the general Betting Law, amended in 2007 to comply with EU legislation for the free movement of goods and of services. It appeared that lawmakers had settled on the concept to allow the state to regulate online gambling by excluding it from this list of services – in line with recent changes in EU law,...
The competition was failed because of the lack of application for bidding.There weren’t any comers to get ground for building two hotels, casino and entertainment complex. So today there is only one investor on the territory of “Siberian coin”, the company from Kemerovo “Alti”, which got two grounds of 7,5 and 7,9 hectares. RGW
They have a big interest in development, especially Italians and they’d like to build a spa-resort there. Chinese companies are also interested in investments to gambling zone. RGW
There are no any movements in building zones in Kaliningrad, Altay and Far East regions. These projects need much money, investments. The most suitable form of gambling zones there - is to open casinos in a five star hotels. At the moment only one casino is working in “Azov – City” gambling zone.RGW
The Finance Ministry said around 4 billion euros in illegal gambling takes place each year. The ministry said the legislative initiative is designed to conform to a European Court ruling that the current ban on all technical games in Greece is illegal and to regulate an extensive illegal gambling market in physical locations and over the Internet.marketwatch.com