NICOSIA – With Cyprus eagerly awaiting the full opening of the the $630 million Melco International Casino – a Hong Kong company – this summer, gambling and betting is already jumping, so much that curbs are going to be put in place.
The National Betting Authority (NBA) said the total Gross Gaming Revenue (GGR) for 2022 hit 959.55 million euros ($1.028 billion) and simultaneously advised that stricter controls are needed, said Casino.org.
Gambling saw a 22 percent jump in revenues as the COVID-19 pandemic waned and health measures were eased to bring in tourists, with temporary satellite casinos operating in anticipation of the City of Dreams opening.
The 2022 revenue was 3.55 percent of the country’s Gross Domestic Product (GDP,) an important chunk of cash, and representing a 400 percent increase from six years previous, the site said.
That provided the government with 11.75 million euros ($12.58 million) just in taxes but despite the critical cash coming in the government is set to offer programs to deal with excessive gambling and addiction, the report said.
That will include anyone who receives financial assistance from the government being excluded from gambling although it wasn’t said if that includes the lottery that many compulsive gamblers can’t resist.
NICOSIA, Cyprus — Cyprus’ justice minister on Wednesday unveiled a host of measures to combat fan violence at sporting events, including pre-game drug and alcohol tests, increased body searches and tougher policing.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
Explore articles from the past and connect to your heritage!
Discover the benefits of a subscription including access to exclusive content, events, and more!
Have an idea for a story, or know of an event we should cover? We want to hear about it!
The National Herald is the paper of record of the Greek Diaspora community. Through independent journalism, we bring news to generations of Greek-Americans, with stories on the individual, community and international level. Visit and support our 106 year-old sister publication Εθνικός Κήρυξ.
To purchase a gift subscription, please log out of your account, and purchase the subscription with a new email ID.
Sign up to receive our daily email news briefing.
Sign up for a subscription to The National Herald,
starting as low as $1/week.
and receive more access to The National Herald
View our Terms of Service + Privacy Policy.
and receive more access to The National Herald
View our Terms of Service + Privacy Policy.
We use cookies on our site to personalize your experience, bring you the most relevant content, show you the most useful ads, and to help report any issues with our site. You can update your preferences at any time by visiting preferences. By selecting Accept, you consent to our use of cookies. To learn more about how your data is used, visit our cookie policy.
$1.08 USD
