Cyprus has a modest population but a rapidly expanding and quite distinctive online gaming business. Operators may concentrate on one well-regulated industry to create their brand because online betting is the main focus—possibly utilizing it as a launching pad to access the greater marketplace of Greece. Thus, if you are attracted in obtaining a gambling license, we recommend selecting Cyprus.
The legal framework governing the online gambling sector in Cyprus is extremely disjointed, with various game types being governed by distinct agencies and regulations.
Since the beginning of authorized operations under a gaming license in 2017, the online games industry in Cyprus has been expanding steadily.
The betting industry was stable overall. The forced closings of land-based businesses brought on by the pandemic, which affected most other nations, significantly boosted this tendency. However, the statistics for Cyprus are particularly fascinating because betting is the only type of internet gambling that is legal there.
While internet casinos satisfied the need for gambling amusement in the majority of other European countries, Cyprus had significant growth in 2020 in the Gross Gaming Revenue from online betting.
It appears that Cypriot bettors have migrated in large numbers to online sportsbooks, which presents a positive outlook for authorized businesses and betting licenses in Cyprus.
To learn more info about gambling licenses in Cyprus, you can get in touch with our experts.
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