Cyprus Gaming and Casino Supervision Authority

• Player Protection: One of the primary goals of the CGC is to protect players. This means ensuring that all gaming activities are conducted fairly and transparently. The authority sets rigorous standards that all licensed casinos must adhere to, including the implementation of measures to prevent fraud and protect players' personal and financial information.
• Fair Gaming Practices: The CGC ensures that all games offered by licensed casinos are fair and that the outcomes are genuinely random. This is achieved through regular audits and the use of certified Random Number Generators (RNGs).
• Responsible Gambling: The CGC promotes responsible gambling by requiring casinos to implement tools and resources that help players manage their gaming activities. This includes self-exclusion options, deposit limits, and access to support services for those who may need help.

To operate legally in Cyprus, online casinos must obtain a license from the CGC. The licensing process is comprehensive and involves a thorough evaluation of the casino's operations, financial stability, and commitment to fair play. Here are some key aspects of the licensing process:

• Background Checks: The CGC conducts extensive background checks on the casino operators, ensuring they have a clean record and sufficient experience in the gaming industry.
• Financial Audits: Licensed casinos must demonstrate financial stability. The CGC reviews financial statements and other relevant documents to ensure the casino can meet its financial obligations and pay out winnings to players.
• Game Testing: All casino games are tested for fairness and randomness by independent third-party testing agencies. This ensures that players have a fair chance of winning.
• Ongoing Compliance: Once licensed, casinos are subject to regular audits and inspections to ensure ongoing compliance with CGC regulations. This helps maintain a high standard of operation and player trust.

The CGC license is highly regarded within the European Union and beyond. Casinos licensed by the CGC can operate within Cyprus and other jurisdictions that recognize and accept the CGC's regulatory framework. This includes several countries within the EU, making it easier for players across Europe to access and enjoy games on CGC-licensed platforms.

Choosing a casino licensed by the Cyprus Gaming and Casino Supervision Authority comes with several benefits:

• Security and Trust: Knowing that a reputable authority regulates the casino gives you peace of mind. You can trust that your personal and financial information is secure.
• Fair Play: CGC-licensed casinos adhere to strict standards of fairness. This means you can enjoy games without worrying about rigged outcomes.
• Responsible Gaming: The CGC's commitment to responsible gambling ensures you have access to tools that help you manage your gaming activities effectively.
• Dispute Resolution: The CGC provides a framework for dispute resolution. This ensures that your concerns are addressed fairly and promptly.

• Year Established: The CGC was established in 2015, marking nearly a decade of regulatory oversight in the gaming industry.
• Licensed Casinos: As of 2023, the CGC has licensed over 50 online and land-based casinos, ensuring a wide selection of reputable gaming options for players.
• Audits and Inspections: The CGC conducts regular audits and inspections, with each licensed casino undergoing at least one comprehensive audit annually. This means over 50 audits are conducted each year to ensure compliance.
• Player Disputes: In 2022 alone, the CGC handled over 200 player disputes, resolving 95% of them in favor of fair and transparent outcomes.
• Gaming Revenue: The gaming industry in Cyprus, regulated by the CGC, generated over €800 million in revenue in 2022, highlighting the significant economic impact and the importance of stringent regulatory practices.