UPCOMING EVENT

Let's Meet during iFX EXPO International 2024 in Limassol, Cyprus (18-20 June)

Book a Meeting
  • +357 2425 0808
  • Login
  • English

Home

Blog

Cyprus Government licensed Melco-Hard Ro...

Cyprus Government licensed Melco-Hard Rock Casino

Cyprus Government licensed Melco-Hard Rock Casino

NetShop ISP

NetShop ISP · Blog Author

May 19, 2017 · Archive

The Cyprus Government grants casino licence to the consortium between Macau’s Melco and Hard Rock on Thursday 18th, to construct and operate a €500-million integrated resort in Limassol and set up satellite casinos in the other towns of the island, Nicosia, Larnaca, Famagusta, and Paphos.

It is believed that the casino resort isn’t expected to open its doors to the public before 2020 thus a temporary casino will be running soon in Limassol and a satellite casino in Nicosia until the resort is ready. The licence allows Melco-Hard Rock to exclusively operate the resort for 15 years before the possibility of another casino resort being allowed. Melco-Hard Rock will be able to operate a gambling facility for 30 years.

The announcement was made by the Commerce and Energy Minister, Yiorgos Lakkotrypis. He said “With today’s decision, the council of ministers has completed an ambitious endeavour that started about three years ago” , “This is a huge project that will enrich our tourist product and create new jobs”. As per the government, the casinos will be an attraction for 300,000 tourists per year.

This project will be generate new jobs and 4 000 people will work on the construction as it is estimated. A Coordinating Committee will oversee construction work. According to a previous article, the developer will have to make sure that the casino has at least 100 gambling tables, more than 1000 slot machines and a 500-rooms hotel.

According to reports, the location will be close to MY MALL in Limassol as it seems it is the ideal place for such a resort.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

10 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Revolut
Wire Transfer