Cyprus’ online betting sector has come together to create Cyprus Online Gaming Association (COGA), according to an announcement released on Wednesday.

The announcement said that the new association marks an important step for the country’s online betting industry, as major licensed operators have now formalised their role in shaping the sector’s future.

Established by Stoiximan, Bet365 and Bet on Alfa, the new body aims to strengthen Cyprus’ appeal as a base for online gaming firms, while promoting a stable and responsible operating framework.

The move comes in line with recent comments by the president of the National Betting Authority, who pointed to the need for sustainable growth and stronger institutional coordination across the sector.

Association president Angelos Chontoulidis said “Our goal is to promote high operating standards, enhance transparency, and foster the creation of new jobs and opportunities in the sector, thereby making a meaningful contribution to the country’s economy.”

He added that their longstanding presence in Cyprus is now being reinforced institutionally, “safeguarding the future as well.”

COGA is expected to act as a formal link between the state and licensed operators, contributing to policy discussions and addressing both regulatory challenges and the broader potential of the online gaming industry.