470,000 Players Visited Three Cyprus Casinos In Six Months

470,000 Players Visited 3 Cyprus Casinos In Six Months

Three temporary casinos, Limassol, Nicosia and Larnaca airport casinos in Cyprus have witnessed a footfall of over 470,000 players in the last six months.

Figures released by the Cyprus Gaming and Casino Supervision Commission show that between June 2018 and January 2019 approximately 470,000 people visited these casinos.

80% of the visitors to the three casinos were Cypriots. 4% of the players were Greeks, and 11% came from other countries from across the globe.

Of the total, 210 million euros ($235.86 million) that were wagered at these casinos between June 2018 and January 2019, 175 million euros ($196.55 million) was paid as winnings to the players. While the operators made around 35 million euros, the government got 5.25 million euros in taxes.

Christos Mavrellis, Chairman Cyprus Gaming, and Casino Supervision Commission said that the state has also received 4 million euros ($4.49 million) from operators for the licenses.

While the numbers are overwhelming, there have been experts who believe that the numbers are not as expected. Mavrellis told the press in a briefing that they are expecting over 300,000 more visitors annually once the big Limassol casino is ready.

The Casino, yet under development, is expected to begin operations in 2021. He also said that the commission had received an application from a foreign operator who could bring more international visitors to Cyprus casinos.

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