The license was granted according to the new Betting Law
Renewal of betting license in Cyprus
2013-01-22
Reading time 37 seg
(Cyprus).- Intralot’s subsidiary in Cyprus, Royal Highgate Public Company, announced that it has received an “A class” betting license, in order to continue to offer retail betting services in the country, including the selection of sports events, odds compilation and risk management. The duration of the new license is two years.
The license was granted according to the new Betting Law, which concerns companies that wish to offer retail betting services in the country.
“Thanks to Intralot’s state-of-the-art systems and its global know-how in the betting services, Royal Highgate has become one of the leading gaming companies in Cyprus, the operator of choice for the majority of Cypriot players. Being the first operator to receive the new betting license reiterates our commitment to sustained compliance with the legislative framework of the jurisdictions where we operate and underlines our strategic decision to continue our successful operations in the country”, commented Vassilis Yakoumis, General Manager of Royal Highgate.
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