Georgiades also said the regulation of bingo will allow such activities to continue in the country, but in a way that will secure national interest and social benefit, with bingo estimated to have an annual turnover of US$ 118.4 million in Cyprus.
“It is an activity whose turnover, according to estimates, exceeds €100m per year but has been done in a completely unregulated way,” Georgiades said.
Meanwhile, Georgiades also said that the government has submitted a measure to parliament that would privatise the state lottery and bring it under the control of the national betting authority.
In addition, the Finance Minister said parliament is discussing another bill that refers to regulating games offered by OPAP.
Source GMB / iGaming Business
