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

Melco-Hard Rock abandoned Spain project ...

Melco-Hard Rock abandoned Spain project to focus on Cyprus

Melco-Hard Rock abandoned Spain project to focus on Cyprus

NetShop ISP

NetShop ISP · Blog Author

Jun 28, 2017 · Archive

Melco International Development and Hard Rock International (HRI) after signing officially for the upcoming €500 million casino resort in Cyprus “Europe’s largest integrated casino resort”, they have decided to abandon their involvement in the application for a casino resort in Catalunya, Spain.

On Friday, eleconomista.es a Spanish media outlet reported that the partners had withdrawn their interest to be the operator of the Center for Recreation and Tourism (CRT) project in Catalunya. The decision comes right before the June 30 deadline to present the final offers in order to obtain licences. They both said they are concentrating on separate ventures away from Spain leaving Genting and Grup Peralada as the only other interested group.

On Monday the two companies signed the contract to be the operators of the upcoming casino resort in Cyprus. The ceremony took place in Nicosia and the Commerce and Tourism Minister Lakkotrypis said “Our goal is the improvement of incoming tourism, increasing arrivals, and average spending per capita, and also to see this contribute to the ongoing efforts to address the problem of seasonality in the Cypriot tourism industry,” “Our other strategic objective was the creation of new jobs and additional tax revenue, supporting sectors that will be associated with the casino, and attracting further foreign investment.”

The licence will be valid for 30 years and the two companies will hold the monopoly over casino gambling in Cyprus for the first 15 years. The mammoth casino should be built by the first half of 2020 as per Andy Choy, the President of Melco’s Resorts and Entertainment Division.

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