Tag Archives: City of Dreams Mediterranean
Cyprus – City of Dreams Mediterranean generating revenue as Macau drains profits for Melco
Set to open in the summer of 2023, City of Dreams Mediterranean was a bright note in the overall gloom of Melco Resorts and Entertainment’s Second Quarter Earnings Call. Total operating revenues at Cyprus Casinos for the quarter ended June 30, 2022 were US$21.7m, compared to US$10.0m in the second quarter of 2021. Cyprus Casinos…
Cyprus – Melco Cyprus receives accreditation for Responsible Gaming — RG Check
Melco Cyprus, operator of Cyprus Casinos (C2) and the upcoming integrated resort, City of Dreams Mediterranean, announces C2 has been accredited with the esteemed third-party accreditation for Responsible Gaming — RG Check, establishing C2 as the first in Europe to receive the endorsement. The achievement further establishes Melco as the first and only integrated resort…
Cyprus – City of Dreams Mediterranean remains on course for summer 2022 debut
City of Dreams Mediterranean, Cyprus’ first integrated resort (IR) and the biggest in Europe and the wider region, is advancing well towards completion. Construction is progressing smoothly, with the IR being set to open in Summer 2022. The development of the project is now available for viewing through impressive aerial drone footage produced by City…
Cyprus – Opening of City of Dreams Mediterranean delayed by a year
The Cyprus Gaming and Casino Supervision Commission has confirmed that the opening date of Melco Resorts’ €550m City of Dreams Mediterranean, will be delayed by almost a year until the second half of 2022 due to delays in its construction caused by the COVID-19 pandemic. Phidias Pilides, Vice President of the Cyprus Gaming and Casino…
Cyprus – City of Dreams Mediterranean extends deal with Passport Technology
Passport Technology is extending its services with Integrated Casino Resorts (ICR) Cyprus and the City of Dreams Mediterranean. Beginning in early 2019, Passport was chosen as the premier provider of cash access services for ICR Cyprus and has been chosen to extend this service for a further three years. “We’re very excited to continue this…
Cyprus – Cyprus Gaming and Casino Supervision Authority taking no chance with junkets
The Cyprus Gaming and Casino Supervision Authority has signed up three different companies to carry out checks on international junket operators before they are allowed to work with City of Dreams Mediterranean. The 500m resort casino set to open in Cyprus in 2021 will be run by Melco Resorts & Entertainment, a company that has…
Cyprus – City of Dreams Mediterranean to ease island’s dependence on summer tourism
City of Dreams Mediterranean aims to attract 300,000 tourists to Cyprus each year following its proposed opening at the end of 2021, making the island less dependent on seasonal tourism. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos, said: “With the opening of the Integrated Casino Resort, we aim to attract…
Cyprus – Melco completes 75 per cent acquisition of City of Dreams Mediterranean
Melco Resorts & Entertainment has completed its acquisition from Melco International Development Limited of all of Melco International’s holding of ordinary shares of ICR Cyprus Holdings and the issuance of 55.5m ordinary shares of the company, which are equivalent to approximately 18.5m American depositary shares of the company, to Melco International as consideration for the…
Cyprus – Avax to complete City of Dreams Mediterranean in 2021
Following a competitive tender and having obtained all required approvals by the Government of Cyprus, Integrated Casino Resort Cyprus has awarded the construction of the City of Dreams Mediterranean Integrated Casino Resort to Avax. According to the principal contract, construction is set to begin in early April 2019 and is scheduled to be completed within…
