Cyprus Parliament Begins Discussions on Sports Betting Law Amendment

Cyprus Parliament Begins Discussions on Sports Betting Law Amendment

8-11 Cyprus Parliament Begins Discussions on Sports Betting Law Amendment
8-11-1 Cyprus Parliament Begins Discussions on Sports Betting Law AmendmentReading Time: < 1 minute

 

The Cyprus parliament has begun discussions on amending the nation’s Sports Betting Law.

One of the proposed changes to the sports betting law includes the utilisation of a percentage of all tax revenue generated from betting to support, educate and medically treat footballers across all levels in Cyprus.

More specifically, the amendment proposes that 0.3% of all income stemming from sports betting is funnelled into the programmes of professional players’ union PASP. These programmes include helping football players’ mental health.

PASP’s programmes also support the Red Button initiative, which aims to immediately detect fixed matches, as well as providing education and support to PASP members through college scholarships, specialised training, and more.

These programmes are beneficial to the entirety of Cypriot football, including players themselves, clubs, the Cyprus Football Association and all other bodies involved in the sport.

“We salute this proposal put forth at the House of Representatives which has finally triggered a discussion after a period of three years. We are certain that the relevant officials will decide what’s best for the common good of Cypriot sports,” Spyros Neofytides, executive president of PASP, said.


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