Cyprus – Almost half a million players attracted to Cyprus’ new casinosBy Phil - 28 March 2019
The three fledgling casinos in operation in Cyprus attracted 470,000 by the end of January, generating gambling spend of €210m.
According to the Gaming and Casino Supervision Commission, €175m was paid out in winnings by the three casinos. Of the visitors, 80 per cent were Cypriots, Four per cent were Greeks and 11 per cent were from other countries.
Operator Melco Entertainment generated n a turnover of €35m and paid the state €5.25m in tax with a further €4m paid for licences.
Commission Chairman Christos Mavrellis expects 300,000 more tourists per year when the €550m permanent integrated casino resort opens in Limassol in 2021.
The first temporary casino opened in Limassol in June 2018, followed by Nicosia and Larnaca in December.