Great opportunities rarely knock twice. You should recognize and seize them with both hands. Nowhere does this idea hold truer than in Cyprus, where the iGaming industry excels through innovation and a business-friendly climate. Sunshine, history, and now, iGaming success: Cyprus is way more than a postcard destination. With pro-business policies, tax benefits, and tech innovation, operators are finding their next big bet here.

But even the best location needs the right tools to prosper. That’s where a reliable international B2B iGaming software provider like NuxGame comes in. Offering high-end aggregator and turnkey solutions, NuxGame helps operators set up, expand, and succeed. So, what makes Cyprus an iGaming center, and how can your business prosper here? The NuxGame experts will let you in on this topic below, so stay tuned!

Reasons to Choose Cyprus for iGaming Business

Cyprus is making serious moves in the iGaming space, with the Gambling Activities industry forecasted to reach €26.4 million by 2025. That doesn’t grab your attention? Maybe this will: Cyprus’ gambling sector recorded €1.1 billion in revenue in 2023, skyrocketing 79% in just three years. That’s beyond a mere notion of growth. It’s a clear sign that Cyprus is one of the most promising locations for online gaming operators. 

Want to know why else joining the club of iGaming companies in Cyprus is the right move? We’ve provided some more good reasons below:

  • Licensing Made Easy. The National Betting Authority offers a transparent and operator-focused licensing system. You will avoid the bumps in the road and get straight to business.
  • Less Tax, More Gains. A 12.5% corporate tax rate means your iGaming profits stay where they belong — in your business, not in excessive taxes.
  • Where Borders Don’t Limit Business. Cyprus places you right where Europe, Asia, and the Middle East connect. This gives you direct access to a diverse, high-value player base.
  • No Lag, Just Growth. Cyprus delivers high-speed internet, reliable banking, and a future-ready digital ecosystem. This helps you scale limitlessly.
  • Smart Business Starts with Smart People. Cyprus attracts top industry professionals who know gaming, payments, and compliance inside out.

Last but not least, operating in the iGaming space isn’t merely about where you are located. It’s about how well you run your business. That’s why future-proofing your operation in Cyprus is a wise decision. The best part? NuxGame is already in Cyprus, ready to help you take the lead. By the way, many operators who succeed in Cyprus have also established a strong presence in Malta, another vital iGaming market.

The Legal Landscape of iGaming in Cyprus

Are you currently focused on this question: “Is gambling legal in Cyprus?” The answer is yes: but under strict rules. We’ve provided details below:

  • Approved: sports betting, both physical and online.
  • Banned as of today: online casinos, poker, slots, horse racing, spread betting, and dog racing.
  • Crypto-based gambling? Alas, crypto casinos are completely restricted.

Operators must obtain a license to legally operate in Cyprus:

  • Class A License: for land-based sports betting, excluding horse racing.
  • Class B License: for online sports betting only — no online casinos or virtual sports.
  • Getting licensed? Be ready to back it up with €500,000 in share capital and a €550,000 financial guarantee. Oh yes, Cyprus only plays with serious operators.

The National Betting Authority guarantees that gaming companies in Cyprus operate legally. The main regulatory requirements are as follows:

  • Verifying all players within 30 days.
  • Strict AML and KYC policies to keep fraud at bay.
  • Failure to comply? Fines or revoked licenses.

So, is an online casino allowed in Cyprus? Not yet. But Cyprus still provides a transparent regulatory system, low tax rates, and a solid legal framework. This makes it an attractive destination for licensed sports betting operators. Meanwhile, you are free to learn more about the Curacao online gambling license and Malta online casino license.

Cyprus and Online Gambling: A Market in Motion

The online gaming industry in Cyprus stands at a crossroads. While sports betting flourishes, casino gaming in Cyprus remains off the table — for now. But for how long? With the licensing framework in place, a dedicated gaming authority, and a rising demand for innovation, Cyprus gaming companies are well-positioned for the future.

At the same time, iGaming software development in Cyprus is booming. This means that whenever the official permission comes, operators will be ready to deliver world-class iGaming events and experiences.

Foreign operators don’t have an easy way in. They must hold an EU gaming license, register with the NBA, and apply within the designated window. No shortcuts, no loopholes — just clear, regulated entry.

While online casinos are still off the table, land-based gaming is expanding. The Casino Operation and Control Law has made satellite casinos a rising trend, allowing major resorts to run up to four additional locations under strict oversight.

But perhaps the biggest focus is responsible gaming. Cyprus has invested in self-exclusion programs, public education campaigns, and addiction prevention partnerships. So, what does the future hold? With strict oversight, a growing gaming market, and global interest in expansion, the conversation around legalizing online casinos in Cyprus is far from over.

For further analysis, check out these vital topics from our experts:

So are you launching/strengthening your sportsbook or searching for quality legal services to help you with the Cyprus online casino license? NuxGame’s platform makes sure you have the tools, flexibility, and speed to grow your business without limits. Now’s the time to go big, and that’s what our iGaming software provider helps operators with.

Bottom Line: How NuxGame Can Help 

Cyprus is a major player in sports betting, and succeeding in this market requires top-of-the-line technology. That’s why operators trust NuxGame to power their success. With 210,000+ sports events, 3,000+ betting markets, and an advanced sportsbook API, NuxGame makes launching and scaling easier than ever. Thinking about how to start an online casino? While Cyprus isn’t there yet, we’ve got readymade casino solutions prepared for when the laws shift. 

For now, the smart bet is sports betting — and NuxGame gives you the tools, compliance, and market expertise to get started and ultimately succeed. Ready to play big? Contact us now and let’s talk.