Cyprus casino revenue hits €227 million amid competition from Greece and UAE

MPs examining the Cyprus Gaming and Casino Supervision Commission’s 2026 budget on Monday highlighted a surge in casino revenues alongside mounting competitive risks from Greece and the Middle East.

The authority’s budget for 2026 amounts to €3.68 million and is balanced, with operating expenses rising by 8.24 per cent, officials told MPs.

Chairman Pieris Chourides said the authority’s core role, as an independent regulator, is the analysis and management of risk, noting that...