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Cyprus Relax Gambling Laws to Lift Economy

30.05.2013 | Antoan Tok

The Cypriot financial crisis is continuing. Cyprus, the Greek controlled Southern part, now has new hopes. According to a Reuters report, Cyprus is turning to casinos and hopes that they will lift its suffering economy. The report said that Cyprus will relax its gambling laws and will offer tax incentives. Reuters also noted that casinos do operate on the Turkish controlled North side of Cyprus.

Tags: casinos , cyprus casino , turkish casino

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