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Cypriot Betting Sector Remains Resilient Amid Market Transformations In Early 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.

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.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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