The main market for visitors to casinos in the Cyprus Republic are – starting from the most frequent – Israel, Cyprus, the United Kingdom, Germany, Greece and Armenia, revealed a discussion at the House Finance Committee on Monday.
During a discussion of the 2026 budget for the Cyprus Gaming and Casino Supervision Authority, its head, Pieris Chourides, said the financial figures demonstrate “strong performance by the casino”. By contrast, the performance of the integrated casino-resort, which does not fall under the Authority’s direct supervisory remit, is not meeting the targets set.
According to the data presented, gross revenues from the casino for 2025 are estimated at €227 million, representing an annual increase of around 20%, levels which, as noted, are considered high compared with other casino markets in Europe.
Chourides highlighted two key milestones expected to affect the Cypriot market over the next one to two years: the operation of the casino at Elliniko in Greece and the launch of a casino in the United Arab Emirates.
He said there are operational plans to address these new competitive pressures, while expressing the view that a possible casino expansion in Nicosia could limit the flow of players to the north, where around 30 casinos operate.
Chourides also placed emphasis on responsible gambling, stating that 10% of the relevant resources are channelled into prevention and treatment programmes for problem gambling, in cooperation with the Gaming Authority and the Addictions Authority.
Source: CNA