Cyprus’ decision to create a new gambling system, with a new online regulatory scheme that came into effect in November – which included the recent announcement regarding 13 licenses granted by the local betting authority in the last six months – are all clear signals that the Cyprus gambling business is fast evolving.

Are local operators ready to grasp the opportunity offered by the upcoming changes?

To discover more about the gambling market in Cyprus, download BtoBet’s industry report “Focus on Cyprus Gambling Market.”

Recent studies into the gambling market on the island show the strong interest of Cypriots towards sports, especially football, basketball and tennis, calling for an inevitable evolution of gambling towards sports betting as well as online and mobile.