Nicosia, Cyprus. Cyprus’ National Betting Authority reported a 22% year-on-year rise in fourth-quarter 2025 betting gross revenue to €395.5 million. Cyprus Stock Exchange chairman Marinos Christodoulides said the exchange is preparing for a new phase of privatisation, international expansion and technological modernisation.
Betting market revenue in fourth quarter
The National Betting Authority said total gross revenue from Class A and Class B operators rose to €395.5 million in the October–December 2025 period, compared with €323.2 million in the corresponding period of 2024.
On an annual basis, total gross revenue for 2025 reached €1.33 billion, an 8% increase from €1.22 billion in 2024.
The authority said online betting continued to account for the largest share of activity during the quarter. Class B operators generated €301.5 million in total gross revenue, while Class A land-based premises accounted for €94.1 million.
Cyprus Stock Exchange anniversary and plans
Cyprus Stock Exchange chairman Marinos Christodoulides made the comments on Monday during an event marking the exchange’s 30-year anniversary at the Landmark hotel in Nicosia.
Christodoulides described the exchange’s three-decade history as a journey shaped by challenges, transformation, modernisation and lessons for the country’s capital market.
“It is with particular joy that we welcome you to today’s anniversary event marking 30 years since the establishment of the Cyprus Stock Exchange,” he said.
He said that since beginning operations in March 1996, the exchange has served as a key institution for the organisation and development of Cyprus’ capital market, with the primary aim of supporting businesses and the broader economy.
“Three decades are not simply a chronological milestone, but a course filled with challenges, transformations, modernisation and significant lessons,” he said.
What do you think is driving the increase in Cyprus’ betting gross revenue?