#National Betting Authority

FTN News

Top 5 Countries to Launch an Online Casino

iGaming has established itself as a very profitable business model. According to surveys, there are over 4800 online casinos all over the world. Needless to say, not all of the casinos are equally compelling and loved by the players. It comes down to how well the operator understands the target market. If you're an entrepreneur and looking for a…

Law ・ 05 October 2023

GamingLyfe

Analysis of the Online Gambling Market in Cyprus: Legislation and Trends

We present to you an analysis of the gambling market in Cyprus, which will provide answers to all the players' questions. This article was prepared by experts in the field of global gambling - the Online Casino Hub project. Their analysis on the topic of online casino Cyprus allows us to draw many conclusions about the gambling situation in this…

Industry ・ 11 March 2023

The Baltic Times

The European Union's Diverse Online Casino Legal Framework

The European Union is the world's first region where similar economic and political values govern member states. However, this differs from the online casino sector, where the 27 member states are autonomous. They are mandated to freely regulate their gaming services as they see fit so long as the laws align with the Treaty on the Functioning of…

Industry ・ 29 November 2022

Knews

€12.9 million in revenue collected from gambling sector in 2021, KNEWS

The betting sector in Cyprus has rebounded, reaching pre-COVID-19 levels in the fourth quarter of 2021, according to financial data released by the National Betting Authority (NBA) on Tuesday. Throughout 2021, the state has collected a total of €12.9 million from taxes and required contributions. According to the results for Q4, the comprehensive…

Finance ・ 30 March 2022

Wild Casino

$5,000 Welcome Bonus

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European Gaming

Conclusion of the 4th Safer Gambling Week in Cyprus

The events and actions held during the 4 Safer Gambling Week were completed in absolute success and remarkable public response. The organisation of the Safer Gambling Week (SGW) is part of National Betting Authority's efforts to foster a culture of Safer Gambling and create the conditions for a safer environment for the players and the public. The…

Law ・ 19 October 2021

World Casino News

Gambling industry benefitting Cyprus

In Cyprus and the value of the local gambling industry reportedly more than doubled over the course of the five years from 2016 to account for roughly 2.98% of the island nation's most recent annual gross domestic product (GDP). According to a report from the Cyprus Mail newspaper, this figure was revealed yesterday as part of the fourth Play Safe…

Industry ・ 05 October 2021

European Gaming

4th Safer Gambling Conference

The National Betting Authority organizes the 4 Safer Gambling Conference, on Monday, October 4, 2021, from 10:00 to 14:00, online. The Conference, organized as part of Safer Gambing Week 2021, aims to inform the public and raise awareness, as well as involve and mobilise all stakeholders regarding safer gambling and protection of wider society from…

Law ・ 27 September 2021

Lexology

In review: licensing and taxation of gambling activities in Cyprus

i Legislation and jurisprudence The gambling industry in Cyprus is regulated by a series of legislative instruments, the most prominent of which are the Betting Law (Law 37(I)/2019) and the Code of Practice in relation to the advertisement of Betting Activities (RDA 350/2017) - to the extent and in so far as its provisions are not inconsistent with…

Finance ・ 10 July 2021

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