The Cyprus Parliament approved a bill to increase the levy on licensed betting operators from 3% to 4.5% of their net earnings. The additional funds are earmarked to support football clubs and youth academies, particularly in the context of a financial landscape that has raised concerns about the long-term sustainability of the country's football ecosystem. While supporters argue that the new policy will provide necessary financial backing for struggling clubs, critics contend that the measure rewards financial mismanagement and could potentially violate European Union laws on state aid....

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