Melco-Hard Rock Consortium Wins Cyprus Casino License
The Melco-Hard Rock Resorts Cyprus consortium is selected once the preferred prospect for more chilli slot machine tips the construction of this very first casino resort into the Republic of Cyprus, regional media reported on Friday.
This past year, the Cypriot government adopted a legislation that allowed for the establishment of the complex that is multi-purpose gambling, accommodation, and entertainment choices. Legislators launched a call for tenders procedure that attracted eight international operators. Three applicants were short-listed for the following stage associated with procedure, with those being a consortium of Hong Kong-listed Melco Overseas Development and US operator intense Rock Overseas, Cambodia’s NagaCorp, and operator that is philippine Resorts.
The three interested developers had up until early in October to submit detailed bids for the operation for the country’s first casino and resort resort. NagaCorp and Bloomberry Resorts dropped from the race soon prior to the October deadline, thus leaving play more chilli slot machine online the Melco-Hard Rock partnership the candidate that is sole.
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. The Melco-Hard Rock consortium will be granted a 30-year license for the operation of what will be the first casino property in the Mediterranean island’s Southern part as the preferred bidder.