In accordance to the most current fiscal information, the gambling field in Cyprus carries on to create income irrespective of the destructive outcomes of the pandemic.

The latest figures confirmed that the current market could produce 3.4% of the gross domestic merchandise worth in 2019. This tendency was retained in 2020 as the gaming sector remained at a few p.c of GDP, notwithstanding the economic challenges brought about by COVID-19. This was a triple increment in comparison to 2016’s one %. These kinds of a contribution to GDP is the final result of stable GGR.

Ioanna Fiakkou, the head of the National Betting Authority, has supplied the details and commented on them, indicating that protected gambling remains the priority for the physique and the marketplace taken as whole. Operators need to aim on their obligations to guarantee a safer gambling expertise. The chairwoman has emphasised that the pandemic has experienced a significant affect on the income generated by the marketplace, but the economical outcomes also establish the efficiency of recent rules. She has confirmed that the Authority is producing a self-exclusion system that will be adopted by corporations, which comply with all the necessities.

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