Cyprus’ decision to create a new gambling system, with a new online regulatory scheme that came into effect in November – which included the recent announcement regarding 13 licenses granted by the local betting authority in the last six months – are all clear signals that the Cyprus gambling business is fast evolving.
Are local operators ready to grasp the opportunity offered by the upcoming changes?
To discover more about the gambling market in Cyprus, download BtoBet’s industry report “Focus on Cyprus Gambling Market.”
Recent studies into the gambling market on the island show the strong interest of Cypriots towards sports, especially football, basketball and tennis, calling for an inevitable evolution of gambling towards sports betting as well as online and mobile.
In this developing market, fixed base, static operators can struggle to gain a foothold within the market if they don’t adopt useful strategies and technology tools to exploit all the potential of their business. In this regard, and commenting on his participation as speaker on the Cyprus Gaming Show’s panel Technology, Innovation, and Disruption – 21st September in Nicosia – BtoBet’s chairman Alessandro Fried anticipated:
“Companies in Cyprus must have the capability to invest in products, services and brand
reputation, able to capture an ever greater market share. The creation of trustful partnerships is an interesting model to follow as well as providing a continuous flow between the retail and
the mobile offer.”
Proceeding with its Central-Eastern European roadshows, BtoBet’s team will be in Nicosia, the meeting operators wishing to discover farsighted sportsbook and iGaming platform tech tools for Cyprus. Live demos are available upon request via email [email protected] or https://www.btobet.com/en/contact-us.
About BtoBet
BtoBet is a pioneer in new technologies for iGaming operators and the betting industry by using technological intelligence as its main base for its products. It offers unique, customisable, secure and flexible cloud based systems delivering unprecedented capabilities to drive sportsbook and iGaming business. BtoBet has offices in Macedonia, Italy and Malta. The Technical team of the company is in Skopje and has an ever-growing team of developers. BtoBet’s dynamic Sportsbook team operates from Rome, whilst Malta hosts the commercial and marketing centre.
