According to the most up-to-date fiscal information, the gambling field in Cyprus carries on to crank out earnings inspite of the destructive penalties of the pandemic.
The new figures showed that the industry could make 3.4% of the gross domestic item value in 2019. This tendency was kept in 2020 as the gaming sector remained at 3 per cent of GDP, notwithstanding the financial problems brought about by COVID-19. This was a triple increment in comparison to 2016’s just one percent. These kinds of a contribution to GDP is the result of stable GGR.
Ioanna Fiakkou, the head of the Countrywide Betting Authority, has delivered the data and commented on them, indicating that risk-free gambling remains the precedence for the human body and the market taken as whole. Operators ought to focus on their duties to make certain a safer gambling practical experience. The chairwoman has emphasised that the pandemic has experienced a considerable affect on the income produced by the sector, but the fiscal effects also prove the success of present laws. She has verified that the Authority is acquiring a self-exclusion technique that will be adopted by providers, which comply with all the prerequisites.
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