By equigreen - November 19th, 2019
Melco-Hard Rock Consortium Wins Cyprus Casino License
The Melco-Hard Rock Resorts Cyprus consortium has been selected whilst the candidate that is preferred the construction of this very first casino resort in the Republic of Cyprus, regional media reported on Friday.
A year ago, the Cypriot government adopted a legislation more chilli slot machine play free that allowed for the establishment of the multi-purpose complex with gambling, accommodation, and entertainment choices. Legislators launched a call for tenders procedure that attracted eight operators that are international. Three applicants had been short-listed for the following phase of the procedure, with those being a consortium of Hong Kong-listed Melco Global Development and United States operator tough Rock Global, Cambodia’s NagaCorp, and Philippine operator Bloomberry Resorts.
The 3 developers that are interested up until at the beginning of October to submit detailed bids for the play more chilli slot machine online operation of the country’s very first casino and resort resort. NagaCorp and Bloomberry Resorts dropped out of the competition briefly ahead of the October due date, hence making the Melco-Hard Rock partnership the sole candidate.
The developer will have to make sure that its complex features a casino floor with at least 1,000 slot machines and 100 gaming tables, and a 500-room hotel to comply with the newly adopted Cypriot casino law. As the favored bidder, the Melco-Hard Rock consortium will be granted a 30-year permit for the procedure of what will be the very first casino property in the Mediterranean area’s Southern component. Read More