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

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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