Thanks to new casino bill
Cyprus could have tournament poker venue
(Cyprus).- Cyprus will soon be able to compete in the WPT for gambling tourists. The bill to authorize a casino in Cyprus has been approved by the Council of Ministers and presented to the House of Representatives for enactment.
2015-01-08
Reading time 30 seg
(Cyprus).- Cyprus will soon be able to compete in the WPT for gambling tourists. The bill to authorize a casino in Cyprus has been approved by the Council of Ministers and presented to the House of Representatives for enactment.
A consultation on the regulations accompanying the new law closes on January 16.
The bill is expected to become law immediately, and will provide for a single operator to receive a 30-year license to build and operate a casino in the resort of its choice. The first fifteen years of the license guarantees a monopoly.
The operator will be allowed to build two additional casinos in other locations, but each must include facilities for 100 table games and 1,000 slot machines and provide hotel accommodation with at least 500 bedrooms.
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