Free VPS Trial, no credit card required
Learn More
NetShop logo

Home

Blog

NagaCorp drops out of Cyprus Casino bid...

NagaCorp drops out of Cyprus Casino bid

NagaCorp drops out of Cyprus Casino bid

Published on Fri Sep 30 2016

The tandem of Melco International Development Limited of Macau, Hard Rock of Las Vegas and Phassouri of Cyprus seems to be the one to win the Cyprus casino license after Cambodia’s NagaCorp pulled out of the race.

According to a filing on the Hong Kong Stock Exchange, NagaCorp stated that it would not proceed to the final bid stage: “After careful review and given all the latest information available to us, the board of directors of the company wishes to inform that the company will not be participating in the RFP and the decision made is in the best interest of our shareholders and the company.”

The Cambodian casino operator put an end to the recent rumours that it was still in the running for the first-ever casino resort in the Republic of Cyprus. The recent change in the competition followed the announcement that Philippines-based developer Bloomberry Resorts Corporation will not proceed in the three-way race.

The final decision regarding the licence will be known at the end of this year. The winning Project is expected to open in 2019.

Share this article

Recent Posts

NetShop ISP will Showcase Forex VPS Solution at iFX EXPO Dubai 2021

NetShop ISP will Showcase Forex VPS Solution at iFX EXPO Dubai 2021

April 19, 2021

How to Secure your Website with FREE SSL

How to Secure your Website with FREE SSL

April 16, 2021

How to change your WordPress Website Domain

How to change your WordPress Website Domain

April 15, 2021

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

April 14, 2021

How to start trading Forex with low latency

How to start trading Forex with low latency

April 13, 2021