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Cyprus has been slowly opening up its borders for online operators. In 2012 the government of Cyprus approved a framework that would allow sports betting companies operate in the Cypriot market. However, it was not until 2016 when Cyprus’ National Betting Authority started accepting license applications.
Only In November 2016, online operator bet365 became the first one to be granted a license. Now casinos have become one of the island’s major providers as a part of the new tourism strategy which aims to double visitor arrivals, triple its revenue and attract over €20bn of investment by 2030.
The luxury casino, expected to be operational by 2019, will feature a main resort in the city of Limassol and fours smaller satellites in the Niconisia, Famagusta, Larnaca, and Paphos. Europe’s first integrated project will include 500 guest rooms, 100 gaming tables and at least 1,000 gaming machines.
