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Cyprus’ gaming industry is booming — here’s what’s driving its growth
Cyprus’ gaming industry is experiencing rapid growth, driven by innovative companies and strategic investments. Vladimir Nikolsky, CEO of Utmost Games and former CEO of MY.GAMES, is a key figure behind this momentum. Nikolsky has backed Top App Games, a mobile game studio whose hit title, *Ludus: Merge Arena*, has achieved over 3 million downloads and $2 million in monthly revenue. A recent $10 million funding round led by Nikolsky aims to accelerate the studio’s growth and solidify Cyprus’ position as a hub for gaming innovation.
Utmost Games has also invested in Digital Vortex Entertainment, a publisher of buy-to-play (B2P) games for PC and consoles. Nikolsky highlights the potential of these partnerships to drive further expansion in the gaming sector. Cyprus’ favorable business environment, including its supportive government policies and networking opportunities, has made it an attractive location for gaming ventures. Nikolsky emphasizes the country’s role as a global player in the gaming industry, driven by innovation, strategic investments, and a thriving ecosystem for startups.
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