{"id":64,"date":"2024-06-12T16:37:08","date_gmt":"2024-06-12T13:37:08","guid":{"rendered":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/12\/cyprus-gaming-industry-booms-in-2023-with-revenue-exceeding-e1-billion\/"},"modified":"2024-06-13T11:59:51","modified_gmt":"2024-06-13T08:59:51","slug":"cyprus-gaming-industry-booms-in-2023-with-revenue-exceeding-e1-billion","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/12\/cyprus-gaming-industry-booms-in-2023-with-revenue-exceeding-e1-billion\/","title":{"rendered":"Cyprus Gaming Industry Booms in 2023 with Revenue Exceeding \u20ac1 Billion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dB9ZerucuwQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Cypriot gaming industry is flourishing! Total gaming income surged by 6% in 2023, and this upward trend persisted into the final quarter with encouraging indicators across all sectors.<\/p>\n<p>Both physical and internet-based gaming witnessed substantial expansion. Online gaming alone generated a considerable \u20ac19 million in the fourth quarter, while brick-and-mortar casinos trailed closely at \u20ac14.8 million. This brought the quarter&#8217;s total to an impressive \u20ac30.9 million, a 9% leap compared to the preceding year.<\/p>\n<p>Examining the entire year, total gaming revenue reached \u20ac1.234 billion, a 6% rise from the previous year. Although land-based gaming saw a minor decline, internet gaming soared with a 12% increase, hitting a staggering \u20ac689 million.<\/p>\n<p>In summary, 2023 was a remarkable year for the Cyprus gaming sector, with total revenue surpassing \u20ac1 billion, a testament to its burgeoning popularity. Digital gaming spearheaded this growth, exceeding \u20ac7.9 billion in revenue and showcasing a notable shift in player inclination towards online platforms.<\/p>\n<p>In other gaming news, the Danish Gaming Authority, Spillemyndigheden, published its yearly market data report&#8230; <\/p>\n<p>The Danish gaming sector experienced a seven percent decrease in overall earnings relative to the corresponding timeframe in the previous year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cypriot gaming industry is flourishing! Total gaming income surged by 6% in 2023, and this upward trend persisted into the final quarter with encouraging indicators across all sectors. Both&hellip;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyprus Gaming Boom: Online &amp; Casino Revenues Soar \ud83d\ude80<\/title>\n<meta name=\"description\" content=\"The Cypriot gaming scene is on fire! \ud83d\udd25 Both online and physical casinos are seeing record revenues, with online gaming pulling in a massive \u20ac19 million in Q4 alone. 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