Compliance Updates

Cyprus National Betting Authority Urges €1 Million Budget for Pushing Responsible Gambling

Published

6 years ago

April 17, 2019

Niji Narayan

Cyprus National Betting Authority Urges €1 Million Budget for Pushing Responsible Gambling

Image Source: cyprus-mail.com

Reading Time: < 1 minute

The Cyprus National Betting Authority has urged €1 million budget to create different mechanisms to push responsible gambling in the country. That way they seek to protect people, especially the youngest, exposed to the segment and potential addiction.

Ioanna Fiakkou, Chair of the regulator, has sent data to the parliament to explain the proposal. She explained money will be spent on a strategy to promote responsible gaming in Cyprus. Furthermore, it will deal with cases of gambling addiction once its already too late.

The regulator seeks to create a prevention and intervention centre to provide information and support. It would be specialised and would strengthen existing centres providing services to people experiencing addiction problems.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.