The Cypriot land-based casino sector has recorded strong growth in 2025, with GGR rising 20% to €227m compared with €189.2m in 2024, according to a report by the Cypriot Gaming and Casino Supervision Commission (APEK) submitted to the Presidency’s Office. In 2023, GGR stood at €130m.
According to the report, the flagship integrated resort in Limassol, Melco’s City of Dreams Mediterranean, accounted for 86% of total GGR in 2025.
The Limassol resort, along with the three satellite casinos in Nicosia, Ayia Napa and Paphos, all posted increases in 2025 GGR.
The president of APEK, Pieris Houridis, said this growth is linked to the stability of the institutional framework, consistent supervision and the creation of conditions of transparency, which support the sustainable development of the land-based casino sector.
By the end of 2025, active registered players, defined as those who had played at least once in the previous 12 months, totalled 65,989, up from 55,137 in 2024 and 46,599 in 2023. The increase is attributed to the operation of the City of Dreams resort and the attraction of foreign players, with international players significantly outnumbering Cypriots.
Revenue generated for the state also rose. Income from the casino tax, set at 15% of GGR, reached €34.1m in 2025, compared with €28.3m in 2024 and €19.5m in 2023.
The report also highlighted strengthened risk-based oversight measures aimed at anti-money laundering compliance and player protection.
In separate news from Cyprus, last month the National Betting Authority reinstated BookieCo betting licence, reversing an earlier decision not to renew it amid wider concerns over its ownership and alleged criminal ties.
The Melco’s City of Dreams Mediterranean officially opened in July 2023
