\nThe consortium has said it expects to secure a 30-year licensing agreement that will allow it to operate a casino monopoly in the republic for the first 15 years.\u00a0 \u00a0 \u00a0<\/span><\/strong><\/p>\n<\/blockquote>\nIt hopes to open a temporary casino in Limassol in October 2017, while the work begins on the Euro Casino resort, which is scheduled to open in 2020. The completed Euro Casino will boast 500 luxury hotel rooms and at least 100 gaming tables and 1,000 slots.<\/p>\n
Network of Gaming Venues to Follow<\/b><\/h2>\n
The consortium says that should the temporary casino in Limassol prove successful, it will consider opening a\u00a0\u201cnetwork of gambling premises,\u201d including a casino in the divided capital city of Nicosia, supported by slot parlors in Paphos, Larnaca and Famagusta.<\/p>\n
Lakkotrypis made the announcement during the island\u2019s travel and tourism exhibition, Taxidi 2017, as he discussed planned improvements to the country\u2019s tourism and travel sector.<\/p>\n
A record number of visitors are expected this summer and he admitted investment in infrastructure was needed to avoid some of the airport delays witnessed last year.\u00a0 \u00a0 \u00a0<\/span><\/p>\n\u201cOur ultimate goal, through well-thought-out, coordinated actions, is to enhance the quality and diversify our tourism product,\u201d he said. \u201cTo this end, we continue to enrich our experience, for example by promoting investments in major projects such as golf courses, marinas and the integrated casino resort.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A Melco-Hard Rock consortium is set to bring casinos to the Republic of Cyprus. On Friday, Cyprus\u2019 Tourism Minister Giorgos Lakkotrypis announced the evaluation process was complete, and, pending ratification by the country\u2019s cabinet, work will soon begin on the construction of a $550 million \u201cEuro Casino\u201d resort in the city of Limassol. It will […]<\/p>\n","protected":false},"author":42,"featured_media":48980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\n
Melco-Hard Rock\u2019s Cyprus Casino Awaits Lift Off, Full Approval Imminent<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n