Cyprus doles out more online sports betting licenses

Gaming regulators in the Republic of Cyprus continue their slow rollout of online sports betting licenses nearly six months after imposing their new online regulatory scheme last November.

On Monday, the National Betting Authority (NBA) confirmed the issuance of two new official online betting licenses to Paddy Power Betfair’s Betfair brand and to Meridian Gaming (CY) Ltd, which operates via the Meridianbet.com.cy domain in Cyprus.

The two licensees join UK online betting mainstays Bet365’s Cyprus subsidiary, as well as Bet On Alfa Ltd and Gambling Malta Ltd’s Stoiximan brand, as the only other operators currently granted full authorization by the NBA to offer online betting services to Cypriot punters.

The NBA issued eight transitional online betting licenses last November to companies including GVC Holdings’ betting brand Sportingbet and the Tain-powered Winmasters brand. That move followed just one month after the NBA began accepting applications for the new online licenses.