Three finalists to compete for a casino license in Cyprus
An official announcement on the three bidders, who all come totally or partly from the Far East, will be made next week.
However, local media quoted a source as saying that the committee handling the issue reached a decision on Wednesday to proceed with the three best offers. These were submitted by a consortium including Hard Rock of Las Vegas and Melco of Macau, Bloomberry of the Philippines and Naga of Cambodia.
The newspaper said the three best offers, out of a total of eight submitted in December, were chosen in that order of success, but in the final phase of the contest to start soon, they will be invited to submit their final bids which will be evaluated from scratch.
Winning bidder will receive a license for 30 years with 15 years exclusivity to operate a casino in the Greek-controlled south of Cyprus.
Once selected, it will work on an integrated resort that should be open within two years and is required to be of a five-star standard and feature at least 500 hotel rooms, a minimum of 100 gaming tables and 1,000 slot machines.
The bidders will be required to submit detailed plans for the project and their choice of location.
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