The National Betting Authority of Cyprus has unveiled financial performance for the fourth quarter and full year of 2023, distinguishing between land-based (Class A) and online (Class B) offerings.
In the fourth quarter, both Class A and Class B sectors saw notable increases in comprehensive income, profit distribution, and gross gaming revenue (GGR).
Online GGR surged to over €19 million for the quarter, whereas land-based GGR accumulated a total of €14.8 million. Combined, the GGR for both sectors in the quarter reached €30.9 million, marking a 9% year-on-year increase.
The total comprehensive income for Q4 2023 reached €325.6 million, representing a 10% increase, with €235.1 million attributed to Class B and €90.5 million to Class A.
For the full year, total GGR amounted to €123.4 million, indicating a 6% growth compared to 2022. While Class A GGR experienced a slight dip of 0.2% to €54.5 million, Class B surged by 12% to €68.9 million.
In terms of comprehensive income for the full year, the total figure surpassed €1 billion, reaching €1.1 billion. Once again, the online sector dominated with €799.1 million, marking a 17% increase, while land-based offerings grew by 12% year-on-year to €310.1 million.
Meanwhile, Playson made a partnership with Lebull.pt, a sports betting and casino operator in Portugal. This collaboration inclides the integration of an array of Playson’s slot games into Lebull.pt’s platform. The primary objective behind this integration is to enrich the gaming experience for Lebull.pt’s players.
Having made its debut in the regulated Portuguese market in 2023 and having recently appointed Luís Figo as its ambassador, Lebull.pt sees this partnership with Playson as an important move towards expanding its market presence.
Blanka Homor, Playson’s Sales Director, highlighted the addition of their popular Hold and Win series to Lebull.pt’s portfolio as a significant milestone in Playson’s expansion plans within the Portuguese market.
Tiago Pereira, Lebull’s Head of Portugal emphasised the excitement surrounding the inclusion of Playson’s games. He underscored Playson’s track record of providing high-quality entertainment, which aligns with Lebull.pt’s commitment to offering an exceptional gaming experience to its users.
In addition to Portugal, Playson has been actively strengthened its position in various European markets, including Switzerland.
