According to the most recent money information, the gambling industry in Cyprus carries on to make earnings irrespective of the negative repercussions of the pandemic.
The the latest figures showed that the market place could make 3.4% of the gross domestic products worth in 2019. This tendency was saved in 2020 as the gaming sector remained at 3 per cent of GDP, notwithstanding the financial difficulties caused by COVID-19. This was a triple increment in comparison to 2016’s one percent. These types of a contribution to GDP is the outcome of solid GGR.
Ioanna Fiakkou, the head of the Nationwide Betting Authority, has offered the data and commented on them, expressing that risk-free gambling remains the priority for the overall body and the industry taken as entire. Operators must target on their duties to assure a safer gambling experience. The chairwoman has emphasised that the pandemic has had a considerable affect on the revenue generated by the market, but the money final results also prove the success of present polices. She has verified that the Authority is producing a self-exclusion method that will be adopted by providers, which comply with all the requirements.
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