Cypriot Betting Sector Remains Resilient Amid Market Transformations In Early 2025

by THEFUTURE.TEAM

September 29, 2025

Steady Revenues Amid Underlying Growth

Cyprus’ National Betting Authority announced that the nation’s betting industry maintained robust revenue levels in the first quarter of 2025, matching the figures recorded last year while demonstrating a significant leap from 2023. Combined gross revenues from both land‐based (Class A) and online (Class B) betting reached €320.9 million between January and March, up 20% from the previous year’s performance in 2023.

Performance By Channel

In detail, land‐based operators generated €87.8 million, reflecting a 4% increase over 2024 and a 14% rise compared to 2023. Meanwhile, online betting revenues, while slightly down 2% compared to last year at €233.1 million, still represent a 22% year‐on‐year improvement from 2023. Total player winnings amounted to €279.4 million, showing a modest 2% decline year‐on‐year but a solid 19% increase compared with two years earlier, with online players receiving €208.6 million of these winnings.

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Enhanced Earnings And Operational Efficiency

Operators in both sectors witnessed a combined earnings boost to €41.5 million, marking a 15% rise relative to the €36.1 million earned in the first quarter of 2024. Land-based operators saw an 11% increase in earnings to €16.9 million, while the online segment enjoyed a 17% surge, reaching €24.6 million. Despite these positive figures, the number of licensed Class A premises experienced a 4% decline to 453, accompanied by a 5% reduction in staff numbers, now totaling 1,393. Additionally, license cancellations and withdrawals fell by 38% on a year‐on‐year basis, suggesting improved market stability and compliance.

Strengthening Measures Against Illegal Betting

The Authority remains committed to curbing unlawful betting activities. In a notable crackdown during the first quarter, 322 additional websites were added to the block list, bringing the total number of banned sites to 21,311. This initiative underscores the regulatory focus on maintaining a fair and secure betting environment.

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Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

by THEFUTURE.TEAM

March 31, 2026

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

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Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.

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