Cyprus Launches Attack of Words
Angry and fed up, the Democratic Rally Party Deputy, Ionas Nicolaou had plenty to say this week and his anger was aimed at Malta and the United Kingdom. His words of attack were the result of his opinion that both countries have been purposely trying to derail Cyprus’s purposed ban of all online gambling within its borders. When the EU alerted Cyprus that there would be a three-month delay on their feedback for the purposed online gambling ban legislation, there was a report that both Malta and the United Kingdom had disrupted the process with interventions and comments. Both of these countries receive huge revenue from online gambling which are licensed in both countries.
When Cyprus drafted this new legislation and submitted it to the EU for consideration, it was thought that because it was being submitted in September that it would have plenty of time to be passed before the end of December. However, for some reason the European Commission has stated it would take an additional three months to process. The Cyprus Ministry of Finance said that it has to clarify certain sections of the draft making the delay until March 14th needed. The Ministry also announced that Malta and the UK representatives at the EU had submitted their own opinions on Cyprus’s draft.
Some of the points that need clarification according to the European Union consist of one that concerns how customers would pay for regulated online gambling and why the amount of licenses included in the Cyprus draft is so limited. There are also some provisions that seem to be discriminatory among providers of these internet services. The government party has to be vigilant because the European Union will only allow regulation or banning of any online gambling entity according to the EU treaty and EU law and not because of the way Cyprus views traditional casinos.
http://www.casinoscamreport.com/2010/12/22/cyprus-launches-attack-of-words/
From Cyprus Mail:
Cyprus-based Henrik Witt who owns the respected gambling site Classic Poker, which is licensed in the EU said: “If the ban passes it will be shady as the companies licensed in the EU will pull out from Cyprus and the companies that will take Cypriot players will hold Curacao, Costa Rica or Belize licensees.”
Witt says that if this happens licensees and players will be in a world of cheating and pain.