U.S. realty firm wants Cyprus casino license
Realty Group International (RGI) is eyeing a major casino investment in the Mediterranean island and already has a plan in place should it take hold of the casino license. Part of that plan includes an initial pre-established consortium made up of “prominent institutions” and “key people” that are ready to proceed into the bidding process.
The company is touting existing partnerships with local groups that can provide the necessary assistance needed to aid in developing its proposed casino project. It already owns several large plots of land that can be used to develop a project of this magnitude, including one of the largest beachfront parcels in the island, located across the coastal area of Larnaka.
According to RGI, the property includes over 1.2 million square feet of buildable posts and 1 million square feet of tourist zone areas that can be converted into a number of attractions, including a golf course, water and theme parks, a 900-room five-star hotel and a handful of conference centers.
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