Melco buys majority stake in Cyrpus casino project
"Melco International is very pleased that its vision for the creation of the first casino resort in the Republic of Cyprus corresponds to the government’s aspirations for a world class development that is unique to Europe, a landmark for Cyprus but also the wider region.
The company is confident that its solid track record and unique experience in creating the most spectacular integrated resorts in Asia can meaningfully contribute to the economy and tourism of Cyprus," expressed the brand in an official statement.
““The casino licence allows for the operation of an integrated casino resort in Cyprus for 30 years
”
As a monopoly for the first 15, and for a satellite casino in Nicosia as well as three slot-machine parlours, one each in the districts of Larnaca, Paphos and Famagusta.
““According to the government, the casinos will attract an additional 300,000 tourists per year.
”
The satellite casino in Nicosia is estimated to be up and running this year, and a temporary casino in Limassol – until the full-blow casino resort is ready.
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