The fiscal base of the Cypriot industry consists of taxes on GGR/land casino licenses (under the supervision of CGC) and betting (NBA), while only bets (Class B) are legal online, and online casinos are prohibited - this concentrates cash flow in the offline segment.
Offline revenues are pronounced seasonal: the summer tourist peak supports the revenue of resorts and "satellites" in cities; off-season is smoothed by the activity of local players and sports calendar.
Cash flows and settlements - EUR; the share of cashless and open-banking transfers is growing, which accelerates turnover and conclusions.
Operator costs - compliance (KYC/AML), responsible gaming and anti-fraud.
Key KPIs: GGR/NGR, hall loading and slot fleet, share of mobile traffic from bookmakers, ARPU/betting frequency, payout rate and retention.
Vector until 2030: stable budget revenues due to premium offline and regulated online betting, plus an emphasis on transparency of bonuses, security and service.
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