Betting authority defends BookieCo licence reinstatement

Authorities confirmed on Friday that BookieCo Betting Stores Ltd has had its betting licence reinstated following a fresh application, reversing an earlier decision not to renew its permit amid scrutiny linked to organised crime investigations.

The National Betting Authority said the company’s Class A licence, which expired on February 9, had initially not been renewed, prohibiting it from offering betting services across Cyprus.

However, after examining a new application, the authority approved its return to operation.