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Cyprus Regulator Presents Problem Gambling Prevention/Treatment Plan

Cyprus’ gambling regulator is looking to develop a strategy for prevention and combating gambling addiction among local gamblers

Cyprus’ National Betting Authority has asked the government of the tiny Mediterranean nation to approve a €1 million budget for the introduction of tools and policies aimed at addressing gambling addiction and problem gambling behavior.

As reported by the Financial Mirror, the requested budget will be used by the country’s gambling regulator to craft a strategy for the promotion of responsible gambling and dealing with cases of people affected by gambling addiction.

News about the Authority’s request emerge as Cyprus is expanding its gambling industry. According to data by the national gambling regulator, it has issued 10 online betting licenses so far. In addition, as many as 528 betting shops are currently operational across the island nation. The capital Nicosia is home to 176 betting facilities; there are 157 of them in Limassol, 95 in Larnaca, 56 in Paphos, 44 in the Famagusta area.

There are also three operational casinos on the territory of Cyprus – one temporary venue in Limassol that will remain operational until Macau casino operator Melco Resorts & Entertainment launches its €550 million resort in the city, as well as two satellite casinos in Nicosia and Larnaca. All three are operated by a local subsidiary of Melco. The company plans to launch two more satellite casinos by the end of the year – one in Ayia Napa and the other in Paphos.

Prevention and Treatment Strategy

The budget requested by the national gambling regulator would cover the expenses for the creation of a prevention and intervention center that would provide information and would support gamblers as well as the general public. In addition, the Authority plans to direct funds to existing centers that provide assistance and other services to people affected by addiction problems.

An online self-exclusion system will also be developed to allow gamblers to exclude themselves from gambling for a certain period of time.

The National Betting Authority will hold seminars across schools and other institutions to educate people about the dangers of excessive gambling.

According to a survey carried out by research house IMR Cyprus and the University of Nicosia on behalf of the National Betting Authority between November 2017 and January 2018, 75% of all Cypriots aged 15 or over, or roughly 399,750 people, engaged in gambling activities.

Of them, 81% were identified as low-risk gamblers, 13% were deemed gamblers with indication of developing gambling-related problems, and 6% were identified as gambling addicts. The survey also found out that Cypriots came in contact with betting and gaming at a pre-teen age.

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The post Cyprus Regulator Presents Problem Gambling Prevention/Treatment Plan appeared first on Casino News Daily.

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