Cyprus Says Cruise Ship Casinos Fall Outside Its Jurisdiction

The Cyprus Gaming and Casino Supervision Authority has clarified that onboard casinos operating on cruise ships and passenger vessels remain outside its regulatory framework, irrespective of the vessel’s flag. This delineation underscores a principled adherence to jurisdictional boundaries and aligns with prevailing international standards.

Regulatory Exemptions For Maritime Casinos

According to the authority, these operations fall outside its remit because they take place beyond the territorial waters of Cyprus. Further details are available through the authority’s official resources.

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Operational Conditions In International Waters

Casinos aboard cruise ships are allowed to function solely while in international waters. When these vessels enter ports or Cyprus’ territorial waters, gaming activities are halted. This operational model is reflective of industry best practices that separate domestic oversight from international maritime activities.

Growth In A Global Entertainment Sector

The cruise industry continues to expand, with projections placing the global market at approximately $18.30 billion by 2030. Onboard gaming contributes an estimated 20% to 30% of total revenue, supported by integrated payment systems and customer data tools used by operators.

Encouraging Responsible Gaming

Cyprus Gaming and Casino Supervision Authority also issued an advisory for consumers, urging passengers to engage in gaming activities responsibly and with moderation. Such activities are intended for entertainment purposes and should not be considered a means of generating income or addressing financial obligations, the regulator noted.

Alongside this guidance, the authority continues to oversee gaming activity in Cyprus, focusing on regulatory clarity and consumer awareness in both domestic and international contexts.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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