Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that it plans to inaugurate a temporary casino for Cyprus by the close of the month before the pictured 2021 opening of its $648 million City of Dreams Mediterranean development.
According to a report from Interior Asian Gaming, the Hong Kong-listed firm plans to start the interim Cypriot center near Limassol on June 28, finish with 242 slots in addition to 33 gaming tables. The report clarified that the temporary casino will cost approximately $14.13 million to assemble and be shuttered once the much bigger City of Dreams Mediterranean begins enticing players.
Melco International Development Limited is already responsible via its majority-owned Melco Resorts and Entertainment Limited enterprise for its City of Dreams Manila, Altira Macau, Studio City Macau and City of Dreams Macau venues in Addition to the Mocha Clubs series of electronic gaming machine parlors. Last year saw it win the permit for Cyprus’ first integrated casino resort and also the 500-room facility coming later this month is supposed to feature eleven restaurants in addition to a 70,000 sq ft gaming floor finish with approximately 1,200 slots alongside a few 136 gaming tables.
Lawrence Ho Yau Lung, Chairman for Melco International Development Limited, allegedly used the Friday ground-breaking ceremony because of his company ’s latest venture to detail the coming land will ‘contribute considerably to the nation ’s efforts for sustainable economic growth and an increase in employment prices. ’
Interior Asian Gaming also reported that the hotel is to feature just over 12,900 sq ft of retail besides a few 107,639 sq ft of meetings and exhibition space, while the operator intends to complement the giant land by opening four smaller satellite casinos beginning with venues for Paphos and Nicosia beginning in November.
Cyprus President, Nicos Anastasiades, told those assembled to its Friday ground-breaking that direct investment by foreign firms such as, Melco International Development Limited, represents ‘a fundamental pillar towards sustainable economic growth and prosperity. ’ He also announced that the project will deliver ‘outstanding benefits for our market ’ and also help the island nation to improve its economy and reduce unemployment.
“Our nation is a lot more than just an attractive sea and sun holiday destination,” Anastasiades stated. “Cyprus has all of the needs to be established as a regional and why not international premium destination; a real point of reference for luxury tourism and responsible gaming.
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