Posted on: October 6, 2021 Posted by: Frank Brooks Comments: 0

In accordance to the latest economical information, the gambling sector in Cyprus proceeds to make revenue regardless of the destructive effects of the pandemic.

The modern figures confirmed that the sector could make 3.4% of the gross domestic item price in 2019. This inclination was held in 2020 as the gaming sector remained at 3 per cent of GDP, notwithstanding the economic problems caused by COVID-19. This was a triple increment in comparison to 2016’s one percent. These kinds of a contribution to GDP is the result of solid GGR.

Ioanna Fiakkou, the head of the Countrywide Betting Authority, has presented the details and commented on them, saying that risk-free gambling continues to be the priority for the physique and the business taken as whole. Operators really should focus on their tasks to ensure a safer gambling experience. The chairwoman has emphasised that the pandemic has experienced a sizeable affect on the earnings created by the market place, but the financial final results also verify the performance of present-day regulations. She has confirmed that the Authority is acquiring a self-exclusion technique that will be adopted by companies, which comply with all the requirements.

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