20+ Dedicated Server Configurations Available for Instant Provisioning

English

Home

Blog

Melco-Hard Rock tandem wins Cyprus casin...

Melco-Hard Rock tandem wins Cyprus casino race

Melco-Hard Rock tandem wins Cyprus casino race

NetShop ISP

NetShop ISP · Blog Author

Nov 07, 2016 · Archive

The Melco-Hard Rock Resorts Cyprus consortium has been granted the rights to create the first casino gaming venue in the Republic of Cyprus.

“The consortium has been invited by the coordinating committee to submit an application for licensing, under which the due diligence check will be carried out as provided by the documents of the invitation and the law. Subject to the successful completion of the aforementioned control, the permit will be issued,” commented country’s Ministry of Energy, Commerce, Industry and Tourism in the local media.

The winning consortium comprises of Melco International Development Limited of Macau, Hard Rock of Las Vegas and Phassouri of Cyprus. Initially, three candidates were shortlisted for the competition however, Cambodia’s NagaCorp and the Philippines’ Bloomberry Resorts dropped out of the race just before the deadline in October. Therefore Melco-Hard Rock had no competition at the end.

Undersecretary to the President Constantinos Petrides said that the construction work is expected to commence as early as the first quarter of 2017. It is believed that the new casino will bring at least €500 million in foreign investment funds, create jobs in the country and boost the tourism industry.

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. Melco-Hard Rock will have a 15 year exclusivity period, the licence will be valid for 30 years.

Press Releases
89

Free VPS Trial

No Credit Card Required.

Recent Posts

XConnect: Ultra‑Low Latency Connectivity Now Delivered Globally

XConnect: Ultra‑Low Latency Connectivity Now Delivered Globally

06 August, 2025

Server Backups & Disaster Recovery: A Must-Have for Compliance and Business Continuity

Server Backups & Disaster Recovery: A Must-Have for Compliance and Business Continuity

30 July, 2025

How to Fix Let’s Encrypt SSL After Hostname Change in cPanel/WHM

How to Fix Let’s Encrypt SSL After Hostname Change in cPanel/WHM

21 July, 2025

Troubleshooting Large Redo Log Files in Zimbra

Troubleshooting Large Redo Log Files in Zimbra

07 July, 2025

How To Configure Network Bonding in Ubuntu 24.04 and Debian 12

How To Configure Network Bonding in Ubuntu 24.04 and Debian 12

30 June, 2025

#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

© 2025 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
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer