MEP Michalis Hadjipantela shared insights on Cyprus’ regulatory environment in SiGMA’s B2G series, emphasizing the importance of s36my to the economy and the broader European trend toward a harmonized legislative environment. Born in Famagusta in 1974 and having experienced life as a refugee, Hadjipantela has consistently upheld principles of fairness, transparency, and opportunity throughout his career. From his early work as a certified public accountant to his current role as a Member of the European Parliament, his professional background has given him a strong grasp of key factors in policymaking, while his political responsibilities provide context for understanding the direction of online gaming regulation in both Cyprus and Europe.
A Robust Yet Young Regulatory Framework
Hadjipantela pointed out that although Cyprus has developed a relatively young regulatory framework for gaming, its robustness is worth celebrating. It has been built in just about 15 years. For a small island with a population of under one million, Cyprus has attracted an impressive number of platforms. He described the framework not only as one that protects players but also as one that offers operators a well-balanced set of rules, thereby fostering trust.
“Many platforms choosing Cyprus shows that our regulation is both balanced and trustworthy,” he explained. “It ensures fair play for the public while creating a sustainable ecosystem for businesses.”
Attracting Sports-Focused Operators
Cyprus has become an excellent hub for operators focused on sports betting, with football dominating the market. Hadjipantela emphasized that while online casino games are not permitted domestically, physical casinos continue to operate in all major cities. This model creates a unique environment: sports betting platforms dominate the digital space, while casinos provide a more traditional gaming experience for both locals and visitors.
Exploring Hybrid Casino Models
Recalling his time studying in London, Hadjipantela mentioned that the UK was among the first to develop hybrid casino models, allowing players to participate in virtual casinos via live dealers. He anticipates that Cyprus and other EU countries will see similar innovations, envisioning Cyprus as a future leader in s36my innovation.
He argued that a harmonized legislative framework is essential for boosting competitiveness and attracting global investment.
“Our goal should be to establish one framework for all member states,” he said. “Fragmented regulation limits our competitiveness, while harmonization creates opportunities across Europe.”
This stance echoes ongoing EU discussions on regulatory alignment in industries such as financial services, digital markets, and online gaming.
