Cyprus Casino Race Narrows to Three Finalists
The Republic of Cyprus has shortened the list of potential developers for its inaugural integrated casino resort to three candidates: Bloomberry Resorts Corporation, the Melco-Hard Rock partnership, and NagaCorp. These firms will now proceed to the subsequent phase, presenting more comprehensive plans for the government’s evaluation.
The successful bid will yield an opulent destination, featuring a minimum of 500 five-star accommodations, over 100 gaming tables, and an impressive 1,000 slot machines. As a component of the agreement, the selected operator will also receive authorization to manage four smaller auxiliary casinos throughout the island nation.
This progression follows the Cypriot Parliament’s recent approval of the casino resort project, clearing the path for the government to commence final discussions. The vote, although not without dissent, displayed considerable backing for the endeavor.
The Cypriot administration has conveyed contentment with the substantial interest from prominent industry participants and maintains a positive outlook on concluding the selection process promptly. The triumphant bidder will secure a three-decade license, with the initial 15 years ensuring their sole rights within the market. The government intends to bestow the license by September of this year.
