According to the information delivered by the National Betting Authority in Cyprus, Class An and B bookmakers had a salary of 88.4m ($104.2m) for Q2 2020 (April-June).
Gross gaming income was 10.6m, a 44% drop contrasted with 18.8m for a similar period in 2019. GGR for Class A bookmakers dropped by 68% to 3.9m. GGR for Class B bookmakers for the period was 6.6; its a 5% increment contrasted with a similar period in 2019.â¯Cyprus has six Class An authorized bookmakers and nine that have a place with Class B.
â¯A 50% decline in exhaustive pay was recorded, contrasted with 176.4m that was accounted for a similar quarter in 2019. The salary dropped essentially even contrasted with Q1 when the recorded pay was 165.5m. The payout for Class An and B players was 77.8m, a 51% decay contrasted with the earlier year when the payout was 157.6m
The report expressed there are 1292 representatives working in the authorized premises during Q2, its a 6% development contrasted with a similar period in 2019. The monetary information introduced in the report was essentially influenced by the COVID-19 pandemic. The Republic of Cyprus suspended all Class A wagering premises from March 16 to May 23. Different games were too canceled due to overall security measures.