Betting sector accounts for over 3.5% of GDP

The betting sector represents 3.72 per cent of Cyprus’ GDP, director general of the finance ministry George Panteli said on Tuesday addressing the 7th Safe Gaming Conference.

The conference marked the start of Safe Gaming Week, an initiative established by the National Betting Authority in 2018.

“The betting sector has evolved into a pillar of development for the Cypriot economy,” Panteli said, “reaching 3.72 per cent of the country’s GDP”.

He congratulated the authority...