Cyprus casino revenue reaches 227 million euros

The casino market in Cyprus is reported to have recorded approximately 227 million euros in gross gaming revenue in 2025. This revenue is also reported to have grown by about 20 percent. Speaking to iGamingExpress at SiGMA Rome, Prof. Pieris Chourides, Chairman of the Cyprus Gaming and Casino Supervision Commission, explained that the regulator now seeks to anticipate and prevent risks at an early stage rather than waiting for them to emerge.

Chourides said the commission has set five priorities since taking over the chairmanship in 2025. These priorities are risk-based supervision, anti-money laundering and financial integrity, responsible gambling and player protection, technological modernization, and international cooperation. Noting that the operational and technological complexity of an integrated casino resort requires more specialized supervisory expertise, Chourides said they have developed more data-driven supervision methods.

On player protection, the "Take Control" awareness campaign, responsible gambling support mechanisms and the METRON fund program, which supports initiatives to prevent harm caused by gambling, were highlighted. It was also noted that payment technologies add further complexity and therefore require careful, proportionate assessment.

Chourides said the most difficult issue is building a framework that can adapt to rapidly changing technological and commercial conditions while protecting the public interest. He stressed that the commission's role is not to promote or hinder the industry, but to ensure that casino games are conducted lawfully, fairly and responsibly. It was also recalled that Cyprus will host the Gaming Regulators European Forum (GREF) conference in 2027.