Sunday, February 5th, 2012

Casino Debate in Greek Cyprus

Published on November 15, 2005 by admin   ·   No Comments

Research on the island of Cyprus showing that each year 330,000 to 400,000 Greek Cypriots visit the Turkish-controlled northern regions of the island to gamble in casinos there has led to a debate about whether or not to build land casinos in the southern, internationally recognized Greek regions of Cyprus (the Turkish controlled northern Cypriot government is recognized only by Turkey). If the figures are correct, it is believed that over 44 million Cypriot pounds are spent by these Greek gamblers at northern casino locations, making opening a casino in the south a viable alternative. But while some in the south are in favor of opening a casino or multiple casinos in southern Cyprus, not everyone is behind the idea.

One Greek Cypriot official said that “The creation of casinos will help to give quality service to tourists visiting the island and to Greek Cypriots interested in casinos gambling, instead of the sleazy, low-class game clubs in the north. The decision on whether to build a casino will be taken by the government after the Cyprus Tourism Office finalizes its full report on the gambling phenomenon.” But representatives of SAKO, the Association Confronting Social Problems, is decidedly against the possibility of a casino opening in Greek Cyprus.

“It is worth noting the potential cost to the national economy for the treatment of compulsive gamblers,” a spokesman for SAKO said. “There are 616,700 persons aged 12 and in the free (Greek) areas. According to the Centre for Research on Human Behavior, an NGO based in Athens, Greece, the cost of treatment per gambling addict is 9,000 Cyprus pounds. So multiply 6,167 – the conservative 1 percent estimate for those likely to become addicted to casino gambling – by 9,000 and you get a cost of 55,503,000 Cyprus pounds; assume the figure is more likely to be two per cent, and the cost to the taxpayer rises to 111,006,000. This is just the cost of treatment: it does not include casino-linked criminality.”

  Site Bonus
1 Casino.com $3200 Play Now
2 EuroGrand €/£/$1000 Play Now
3 William Hill €/£/$300 Play Now
4 21nova €/$320 Play Now
5 EU Casino €1000 Play Now
6 Winner $1000 Play Now
7 Europa €/£/$2400 Play Now
8 Del Rio €/£/$600 Play Now
9 888 €900 Play Now
10 Prestige €/$1500 Play Now

MORE WORLD NEWS

The world of online casinos is entering in to the Christmas spirit with some fantastic promotions running right up until Christmas day.

Exciting Christmas Advent Calendars from Top Online Casinos

Christmas is fast approaching and you’ll find some fantastic Christmas promotions at a whole range of online casinos. ...
As Singapore’s gambling market looks set become the largest in the world a number of people are calling for the government to legalise online gambling.

PwC Recommends Legalising Online Gambling in the Asia-Pacific

Last week PricewaterhouseCoopers (PwC) released a report claiming that it would be better for governments to license and ...
This week PokerStars set the world record for the most players taking part in a single online tournament.

New World Record Set by PokerStars Online Tournament

Earlier this week the Guinness World Record for the most players playing in a single online tournament was ...
A ruling from the South African courts means that Pigg’s Peak Online Casino will be forced to close over the coming weeks.

South African Online Casino to Close

It is expected that around 70 employees of Pigg’s Peak Online Casino will today receive exit packages. Muzi ...