Stanleybet Fights Cyprus Over Online Gambling Rules

Published Friday, January 20, 2017 - Online-Casinos.com
Stanleybet Fights Cyprus Over Online Gambling Rules

The legality of online gambling and the laws related to the awarding of licenses to operators has always been a sticky point in the internet betting industry. Lawyers are always working to sort out the perceived injustices caused by governments and online casino operators in many jurisdictions around the world.

One firm that has been embroiled in legal issues regarding online gambling fairness is Stanleybet International. It is a private company based in Liverpool, England, which operates and manages sports betting shops in Cyprus, Germany, Italy, and licensed outlets in Belgium, Croatia, Poland and Romania. In 2008, the company launched the Fair Play For Sports Betting campaign, calling for fair access to all European markets for all EU-based sports betting operators.

Back in April of 2016 Stanleybet announced its intension to launch a legal challenge against the decision by the Italian Agenzia delle Dogane e dei Monopoli regulatory body to grant a consortium led by IGT subsidiary Lottomatica a concession for the country’s Lotto game. Stanleybet said back then, “We will challenge the award in the Italian courts.”

Now not a year later the firm has decided to go after the Cypriot government over legislation it alleges is in violation of European Union law regarding equal access to e commerce markets by other E.U. member states.

The Cyprus Mail recently reported that Stanleybet’s Malta arm, which has a Class A licence in Cyprus, is seeking more than €12.5 million compensation for alleged loss of profits and chance, prejudice to image and commercial reputation plus legal costs.

The CEO of Stanleybet, John Whittaker, commented, “The Stanleybet Group has been successfully fighting for the recognition of its right to engage in the gambling and betting business in numerous member states of the European Union for more than 15 years.” Whittaker added, “We believe in the rule of law, and have no doubt that the Cypriot Courts will do justice to our rights.”

 

 

 

 

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