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Tag Archives: Cyprus

Cyprus – Melco to target British, Russian and Middle Eastern tourists

City of Dreams Mediterranean, the casino resort being built in Cyprus, will target the British, Russian and Middle Eastern tourists already attracted to the island, with the hope that eventually its Asian customers will visit too. Lawrence Ho, owner and CEO of Melco Resorts will operate the €550m casino in Limassol on the south coast,…

Cyprus – Melco confirms City of Dreams Mediterranean will open in 2021

Melco International has confirmed that the Cyprus Integrated Resort, destined to be the largest in Europe, will be called City of Dreams Mediterranean, utilising the branding that has proved so popular in Macau and the Philippines. The news was confirmed by the Integrated Casino Resorts Cyprus Consortium, comprising Melco International and The Cyprus Phassouri at…

Cyprus – Melco increases share in Cypriot project

Future Cypriot casino operator Melco International Development has increased its stake in the planned integrated resort project increase to 75 per cent. The move follows Melco’s purchase of all the shares in the project owned by its previous partner in it; Hard Rock. The resort style venue to be built in the coastal town of…

Cyprus – SBTech the first to launch sportsbook in Cyprus

SBTech has become the first sportsbook platform supplier to enter the Cypriot market with the launch of winmasters.com.cy. It represents the next step in the fast-rising operator’s expansion strategy and comes only six months after the agreement between SBTech and Winmasters was signed. Winmasters will now offer SBTech’s industry-leading sportsbook to Cypriot players, in both…

Cyprus – Melco signs for Cyprus licence as Hard Rock signs out

Melco International Development and its local investors have now signed the first and only casino resort licence with the government of The Republic of Cyprus. In a surprise move though, the Hong Kong-based company has bought all the shares in the project previously owned by its previous partner in it; Hard Rock. The resort style…

Cyprus – Greek Cypriots could see first casino open in July

Southern Cyprus could see its first casino this summer with the Melco International/HardRock planning to operate a series of small, satellite casinos by July of this year. Whilst the consortium will be opening a temporary in Limassol in October 2017 and a permanent venue to be built on land next to My Mall at Zakaki…

Cyprus – Temporary casino to open in Limassol next year

The Melco International/Hard Rock consortium could open a temporary casino in Limassol in Southern Cyprus by the end of 2017. The group won the right to develop the first integrated casino resort in the Greek-owned southern part of the island. Ministers expect the 30-year licence to be granted in December. It will guarantee a monopoly…

Cyprus – Melco-Hard Rock to build resort casino in Limassol

The Melco-Hard Rock Resorts Cyprus consortium, the only company left in the bidding process for an integrated resort casino in Cyprus, has now officially been invited to file for the licence for the development. The consortium will begin building its proposed resort casino in Limassol in the first quarter of 2017. In a press statement…

Cyprus – Melco International left as stand-alone bidder in Cyprus

Macau-based operator Melco International is now the only operator left in the race for the Cypriot casino concession following a decision by Cambodia operator NagaCorp to pull out of the bidding process. NagaCorp, the operator of Phnom Penh’s NagaWorld casino, said in a filing to the Hong Kong Stock Exchange: “After careful review and given…

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