Casinos to open in Cyprus for the first time

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Construction contracts for Melco Hardrock Resorts Limassol Cyprus casino resort are expected to be signed by the end of April and the company has set January 2020 as the opening date for the multi-million euro project to be located next to My Mall in Limassol, the www.worldcasinodirectory.com website reported.

A temporary casino is expected to open by October this year. That venue is slated for shutdown when the main casino opens. The consortium, comprising Melco of Australia and Macau, Hard Rock International of the U.S. and Phasouri Limited of Cyprus will also be allowed to open several satellite casinos in the country as part of their exclusive right to operate gaming for 15 or more years.

The four satellite casinos, allowed under the bid tender, will not be large venues, with one in Nicosia expected to host some 50 slots and only five tables. The Nicosia satellite is the largest of the four per current plans.

Famagusta, Paphos, and Larnaca will host the other three satellites which will only offer electronic gaming, no Las Vegas-style table games.

The National Gaming and Casino Supervision Commission is expected to issue operating licenses to the consortium after the construction contracts have been signed and recorded later this month.

While casino's has been operating in the Turkish-occupied northern part of the island, in the 'Turkish Republic of Northern Cyprus' for a number of years, and generating huge incomes, the casino business has been illegal in the south, in the Republic of Cyprus.

News source: www.worldcasinodirectory.com 

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