Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14
News Every Day |

OPAP Cyprus: Concession Agreement and awarding of 15-year license

OPAP Cyprus: Concession Agreement and awarding of 15-year license

OPAP Cyprus Ltd signed today a Concession Agreement with the Republic of Cyprus, under which the company will exclusively conduct, provide, and manage designated games of chance in the Cypriot market for a period of 15 years.

The Concession Agreement aligns with longstanding goals of the Republic of Cyprus, as set through the Law on Designated Games of Chance, which was published in June 2018. These include safeguarding public interest, enhancing market supervision, tackling illegal gambling, and promoting responsible gaming. In this framework, the National Betting Authority (NBA) of Cyprus is now the regulatory body supervising OPAP Cyprus’ operations.

The concession is effective immediately, after the issuance of the relevant license by the NBA, which took place earlier today. Under the terms of the Concession Agreement, the consideration for the license will be paid in 15 annual installments, based on a specific mathematical formula, which will also reflect the annual performance of the games offered by OPAP Cyprus. The first installment of €4.2 million has been paid today. All other installments are payable on January 31 of every license year. 

Moreover, as provided by the Law on Designated Games of Chance and the Concession Agreement, the participation of the Republic of Cyprus in the GGR of OPAP Cyprus reaches 22.5%. Additionally, OPAP Cyprus will have to dispense an amount equal to 5% of its GGR for sponsorships of sporting, social and charitable activities within the Republic of Cyprus. The minimum annual proceeds for the Republic of Cyprus are set at €20 million.

On his part, Kamil Ziegler, Executive Chairman of OPAP and Chairman of OPAP Cyprus, said: “We are very pleased to have signed a new 15-year Concession Agreement with the Republic of Cyprus. As a group, we have been operating in Cyprus for 55 years now, offering popular games and appealing experiences to customers, supporting shared goals, and implementing impactful social initiatives. We remain committed to continuing on the same path.”

OPAP has been active in Cyprus since 1969. For several years, OPAP Cyprus is providing games established as top choices for Cypriot customers. These include TZOKER, LOTTO, PROTO, KINO, SUPER 3, EXTRA 5, PROPO, and PROPOGOAL. The “heart” of OPAP Cyprus’ business is its agencies’ network, which consists of over 200 stores and is one of the largest commercial networks in the country. Additionally, the company follows OPAP group’s comprehensive Responsible Gaming policies, holding a leading position in this field.

At the same time, OPAP Cyprus is a credible and responsible partner of the Cypriot society, delivering tangible value to its stakeholders. Characteristically, OPAP Cyprus has left its mark in the sensitive field of Health, through meaningful interventions. These range from donating modern mammography equipment to providing support in cancer treatment and awareness with Europa Donna, and from practically supporting the General National Health System versus the Covid-19 pandemic to standing beside leading health organizations, like the Cyprus Red Cross, Anti-cancer Association, PASYKAF, Karaiskakio Foundation, the “Americos Argyriou” Center for Preventive Pediatrics, and the Cyprus Institute of Neurology & Genetics, among others.

Besides, OPAP Cyprus is deeply associated with Cypriot sport, being a longstanding benefactor. With institutional partnerships with the Cyprus Sport Organization and the Cyprus Olympic Committee, as well as the vast majority of sport federations, the company stands by sport from the infrastructure level to the national championships, and even to the Cyprus Olympic Team, which will represent the national colors at the highest level globally.

In Culture, OPAP Cyprus actively cooperates with the Deputy Ministry of Culture and various cultural organizations, to preserve and promote cultural heritage, as well as to support cultural sector development. Among other things, OPAP Cyprus is the proud sponsor of the Cyprus Symphony Orchestra Foundation, folklore organizations, concerts, local and international festivals, theatrical performances etc.

Finally, in Education, the company has joined forces with the Ministry of Education, Sport, and Youth to benefit Cyprus’ youth – the country’s most valuable asset. In this area, OPAP Cyprus implemented impactful initiatives, including providing free meals to thousands of students in rural areas, when Cyprus faced the major economic crisis. Additionally, the company supports the creation and operation of music and sports schools, strengthens special schools, and supports innovative programs that aim to inspire young people, with a focus on the areas of science, culture, and sports.


В подмосковной Рузе 14-летнюю девочку задержали после барбекю на Вечном огне

A school for African diplomats has opened in Moscow

The Truth About Female Sexual Desire

The Faculty of International Journalism and Mass Communications of the Eurasian International University conducts an additional set of applicants!

See the $10M New Orleans mansion with a grisly past that lured a potential new buyer in less than a day

Read also

DIMES: The surprising case for Zach LaVine

Scott Jennings Wastes No Time Blaming Democrats For Trump Shooting

Lonzo Ball 'moving closer' to return?

News, articles, comments, with a minute-by-minute update, now on

News Every Day

A school for African diplomats has opened in Moscow — latest news 24/7. You can add your news instantly now — here

News Every Day

See the $10M New Orleans mansion with a grisly past that lured a potential new buyer in less than a day

Sports today

Новости тенниса
Даниил Медведев

«Самый сложный противник, с которым я встречался». Медведев – об Алькарасе

Спорт в России и мире

Крупный фитнес-центр "Кимберли" закрылся в Москве, кинув клиентов на 180 млн рублей

All sports news today

Sports in Russia today


Футболисты «Енисея» победили «КАМАЗ» в матче Первой лиги

Новости России

Game News

Для Titan Slayer: Idle RPG проходит предрегистрация в Google Play


Секретная служба США отреагировала на заявления об отказе усилить охрану Трампа

Губернаторы России
Алексей Сёмин

Ростовские онкологи напоминают о своевременности прохождения профилактических осмотров

Shot: в Москве у мужчины разорвалось легкое из-за веселящего газа

Пытался защитить семью: личность погибшего при покушении на Трампа установили

Будут ли магнитные бури сегодня, 12 июля 2024 года?

Псковское «Яблоко» выдвинуло капитана ВМФ на должность главы Гдовского района

«Дело моего принципа»: Волочкова намерена судиться с ПФР из-за отсутствия пенсии

У рэпера Тимати угнали элитную машину в центре Москвы

Аранжировка Песен. Аранжировка музыки. Создание аранжировок.

У Тимати угнали элитный автомобиль в центре Москвы

Российский теннисист Медведев рассказал о споре с судьей на Уимблдоне

Теннисист Медведев в четырех сетах проиграл Алькарасу в полуфинале Уимблдона

Крейчикова выиграла второй турнир «Большого шлема» и вернется в топ-10

Хорошо, но без финала: как Медведев завершил выступление на Уимблдоне

Госкорпорация „Ростех“ поддержала кинофестиваль «В кругу семьи» в Ярославле

Студия звукозаписи в Москве. Студия звукозаписи цена.

В Каменске-Уральском проходят престижные национальные соревнования по мотокроссу


АО «Транснефть – Север» за 6 месяцев 2024 г. выполнило 26 тыс. экологических исследований

Минтранс поручил Шереметьево ускорить прохождение предполетных процедур

«Дом.РФ» назвал регионы, где можно оформить семейную ипотеку

Путин подписал закон о списании 2/3 задолженности регионов по бюджетным кредитам

Рабочий погиб на стройке в Москве при выполнении техработ с лифтом

Работающие родители двух и более детей будут получать ежегодную выплату

В подмосковной Рузе 14-летнюю девочку задержали после барбекю на Вечном огне

Великолучанка возглавила рейтинг ТОП-6 лучших юных танцоров России по латиноамериканской программе

Путин в России и мире

Персональные новости
The Beatles

100 лучших сольных песен The Beatles - 9

News Every Day

He Almost Quit Being A Vet, But Found His Calling Helping Unhoused People - The Dodo

Friends of Today24

Музыкальные новости

Персональные новости