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Stanleybet decides not to renew Cyprus bookmaker licence

08:06 - 18 January 2024

Companies

Stanleybet has decided not to renew its bookmaker licence in Cyprus and has ceased operations as of 11 January.

The National Betting Authority of Cyprus said in an announcement that Stanleybet Malta Limited’s Class A Bookmaker’s Licence expired on 10 January 2024.

“The company has decided not to proceed with the renewal of its Class A Bookmaker’s Licence, therefore, the company is not allowed to provide betting services in the Republic of Cyprus under the Betting Law of 2019 37(I)/2019 as of 11 January 2024,” the Authority said.

It added that for further information regarding the settlement of any outstanding matters, the public may contact the company's authorised representative, Ms Stavrou on 22444584, while the National Betting Authority is at the disposal of the players to resolve any disputes or complaints between them and the Company.

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