Melco International Development Limited, one of the biggest companies in gaming and entertainment industry in Asia, announced that they are allegedly opening a new temporary casino in Cyprus on June 28. This came as a surprise as they are already planning a casino opening in 2021 in Cyprus which will cost $648 million and is named the City of Dreams Mediterranean.
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Inside Asian Gaming reports that the company from Hong Kong has plans to open this casino close to Limassol. The casino will have 33 tables for gaming and as much as 242 slots. Apparently, this casino will cost only $14.13 million and it is just a temporary solution until the much bigger project of City of Dreams Mediterranean is ready to receive its first players.
The Asia-based Melco International Development Limited already owns the major part of Melco Resorts and Entertainment Limited enterprise which is responsible for many casinos around the world. Some of those casinos include Altira Macau, Studio City Macau, City of Dreams Manila and City of Dreams Macau. Furthermore, they also own a lot of Mocha Clubs which are basically parlors with electronic gaming.
The reason why they hurried the things up with this sudden casino is that the company won the license to build the first integrated casino resort in Cyprus. This exclusive area will have more than 11 restaurants and 70,000 square feet big gaming floor. Furthermore, it will have more than 1,200 slots and 136 gaming tables.
The chairman of the Chinese company, Lawrence Hu Yu Lun said that the property will significantly contribute to Cyprus and its economy. It will reportedly help Cyprus to sustain the economic growth and increase the rates of employment in this country.
Apart from the restaurants and gaming facilities, the resort will also have 12,900 square feet of retail. Furthermore, 107,639 feet will be allocated to the space devoted to exhibition and meetings. The giant casino property will be complemented by several smaller casinos which will be open nearby.
The Melco officials are not the only ones who are happy with the deal. Namely, the President of Cyprus, Nicos Anastasiades said that the direct investment in this country will help it with its economic growth and prosperity. Furthermore, he stated that there would be great benefits for the economy and will definitely lower the rates of unemployment.
The President stated that Cyprus has always been regarded as a nice place with the sea and the Sun, but it is actually much more than that. In fact, he stated that Cyprus has a potential to become an exclusive and premium destination not only in the region but also in the whole world.
One thing is certain – before the big casino opens, there will be a replacement which will be the main attraction for the locals and the tourists that love casinos and integrated resorts.
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