The National Betting Authority of Cyprus has announced financial figures for the fourth quarter and full year of 2023, for both its land-based and online offerings.
Within the report, the two are distinguished by Class A, referring to land-based betting, and Class B, referring to online betting.
Looking at the fourth quarter for both Class A and Class B together, comprehensive income, profit distribution and gross gaming revenue (GGR) all saw increases.
Online GGR reached just over €19m ($20.2m) for the quarter, while land-based reached a total of €14.8m. In total across both sectors in the quarter, GGR reached €30.9m, a 9% increase year-on-year.
