Deal SIGNED for Satellite Casino at Larnaca Airport – Cyprus

Hermes Airports Ltd and Integrated Casino Resorts Cyprus Ltd (ICR Cyprus) have consented to a business arrangement for two areas at Larnaca International Airport to be utilized as a “satellite casino” .

As per a joint official statement, the main area to be apportioned is arranged in the departures area, available just to departing travelers, while the second one is arranged in the arrivals zone, open to the general public.

The first is relied upon to be prepared and operational in the following three months while the second ought to be prepared before by the end of the year.

The present arrangement for the “satellite casino” permits the activity of around 50 gaming machines.

For the benefit of Hermes Airports Ltd, the understanding was marked mutually by the CEO of the company, Eleni Kaloyirou and the CFO, George Paschalis while for the benefit of ICR Cyprus, the assention was signed by the chief of ICR Cyprus, Melis Shacolas and the property president, Craig Ballantyne.

The term of the business agreement is two years with the likelihood of renewal, the press release said.