Lotteries,Gaming & Gambling Regulation Services

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Scope of work

Our team is offering highly experienced services to companies involved in the sector of Lotteries, Gambling and Gaming in advisory, regulatory, commercial and penal litigation and transactional work. We have extensive experience in local and multi-jurisdictional transactions around Europe.

Gambling Regulation in Cyprus

Since the birth of the Republic of Cyprus in 1960, the gambling legislation has had 6 amendments, the last taking place in 2006. Despite the provisions of the  well publicised Betting Act 2012, much of the old legislation remains unaffected, if not reinforced.

•  "According to the Cyprus Betting Law of 2012 electronic betting services are only to be provided by a person who holds a Class B bookmaker's licence, issued following the submission of a relevant application to the National Betting Authority (henceforth the 'Authority'). "

LLPO team's understanding of the law on lotteries, gambling and gaming and the commercial dynamics of the sector, enables us to advise companies across the industry and in multiple jurisdictions.

With a wide range of legal services, we are well placed to support clients in the betting and gaming sector across a range of business and legal challenges.

On the corporate front we advise clients on the key licensing and regulatory issues arising in a due diligence process and on appropriate warranties to ensure the law compliance and other necessary regulatory requirements within a corporate transaction.

Referral Network

Our clients included some of the leading local online sports betting companies, together with operators, software providers, and service providers specialising in this market in Cyprus.
 
LLPO Law Firm and Vlaemminck & Partners BV BVBA - PharumLegal (in consortium with KPMG Cyprus Ltd, QLot Consulting AB and J&E Davy Holdings Limited) has been selected by the Ministry of Finance of Cyprus and its Privatization Unit thereof as the retained consultant of the Cyprus Government for the Licensing, Management and Operation of the Cyprus Government Lottery.