S&P Global Ratings has upgraded Cyprus’ long-term and short-term sovereign credit ratings from A-/A-2 to A/A-1, while maintaining a positive outlook for the long-term rating. The decision, announced on 18 September 2026, places Cyprus in the A rating category for the first time since 2010. The upgrade applies to Cyprus’ long-term and short-term credit ratings in both local and foreign currency. The positive outlook means that the long-term rating remains subject to the possib

The customer-facing gambling industry in Great Britain generated £17.5 billion in gross gambling yield (GGY) during the financial year from April 2025 to March 2026, representing a 4.4% increase compared with the previous financial year. The figures were published on 17 September 2026 in the Gambling Commission’s annual industry statistics. Excluding reported lotteries, gambling GGY reached £13.2 billion, an increase of 4.7% compared with the previous year. The statistics cov

The European Public Prosecutor’s Office (EPPO) in Milan has conducted searches and frozen assets worth €2.6 million as part of an investigation into suspected fraud involving resources from Italy’s National Recovery and Resilience Plan (PNRR), which is financed through the European Union’s Recovery and Resilience Facility (RRF). The frozen assets form part of a €4.9 million order issued by the judge for preliminary investigations at the Court of Milan against four companies a

Spain’s 17 autonomous communities have jointly defended their regulatory responsibilities over land-based gambling and called for greater regional participation in national decisions affecting the sector. The position was set out in a joint document submitted on 7 September 2026 to the Directorate-General for the Regulation of Gambling (DGOJ) and the Gambling Policy Council. The document concerns the division of responsibilities between Spain’s central government and its auto