Sponsored by
Tere is no specific law to regulate online gambling, and offshore platforms are operated in large numbers in the market. As the UN considers the Turkish occupation illegal, the region is exempt from EU law, which includes anti- money laundering directives. Te region operates under its own framework, influenced by Turkey.
GAMBLING DATA 2019-2023 2023
GGR Landbased casino Online casino Lottery
Landbased betting Online betting TOTAL
GAMING TAX Landbased casino Online casino Lottery
Landbased betting Online betting
EXPENDITURE PER PLAYER Landbased Online
€1.32bn €1.09bn €1.19bn €58.5m €290m €4bn
2022
€1.07bn €787m €1.12bn €52.3m
2021
€544.8m €123.1m €990.6m €37.3m
€257.7m €39.5m €3.3bn
€1.7bn 2020
€699.9m -
€936m €70.9m -
€1.7bn 2019
€1.23bn -
€979.9m €58.8m -
€2.3bn
€358.9
€314.6m
€318.4m €228.2m €117.22m €123.2m €18.1m €84.1m
€15.2m €74.7m
€159.4m €197.2m €35.7m €114.1m €3.5m €11.4m
-
€364.8m -
€110.4m €105.5m €3.6m -
€3.2m -
€179 €96
€158 €73
Tere are 33 such approved establishments, meaning the casino count could rise to 65 in the 3,
300sq.km territory once these projects are completed. Gaming halls must now have at least 10 gaming tables and 100 slots. Licensing fees are €650,000 with €3,500 for each additional game table (over 10) and €700 for each slot machine (over 100). Casinos are not permitted in city centres, whilst the minimum
distance from schools has been reduced from 500m to 100m. Previously, not more than five casinos could hold preliminary permits (which could then be changed into full licences) at any given time and this cap has now been lifted. Penalties have also been lowered. Players must be aged 25
years and over and previously resident Turkish Cypriots and students who could not enter casinos and operators faced a €5,000 fine and up to two years in prison. Tis has been down-
€111 €11
€119 -
€163 -
graded and now the operators face a €1,000 fine whilst customers face only a civil offence punishable with a €50 fine (previously €1,000 and two years' prison sentence). Te decision has been pushed by the right-wing National Unity Party (UBP) headed by Prime Minister Faiz Sucuoglu, who has been in office since the end of 2021. Te centre-left opposition Republican Turkish Party (CTP) fought against the new law, saying that despite the contributions the casino hotels bring to the economy, they could see an increase in serious social problems, such as gambling addictions, and an increase in criminal activities, whilst the lower penalty will also see a rise in locals gambling. Te are big concerns over money laundering and small hotels
are said to be closing down, unable to compete with the larger casino hotels. At the moment, around 40,000 people are employed in the
115
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134
