What Will Be The Largest Casino Complex In Europe?
The Republic of Cyprus is divided into two, Southern and Northern Cyprus, and between them there is a UN buffer zone, about 4 percent of the island, which separates them. The international community views the island as a single nation, with the north occupied by Turkey. However, Turkey considers the entire buffer zone to be the Turkish Republic of Northern Cyprus. The two areas are governed by different rules. Northern Cyprus has over 30 casinos, located on the seafront in Kyrenia (Girne), Bafra but also inside the island, in Nicosia (Lefkosa), luxury resorts offering 5 star hotel services.
For a very long time, Southern Cypriots had to travel to the North to enjoy malaysia casino this way of entertainment, but this is about to change, in fact, they have already started. The opening ceremony of the Mediterranean city of Dreams has already taken place, on June 8, 2018 and is partially operational.
This is a huge project, scheduled for 2021 and is intended to be the largest casino complex in Europe. The Mediterranean City of Dreams required an investment of 600 million euros and is expected to produce a profit of 700 million euros a year, with over 300,000 visitors. The project was brought by a successful duo, Melco and CNS Group, who chose South Cyprus for its natural beauties but also expect a significant impact on the country’s economy. The Limassol 2021 project has in view a huge resort, with many attractions and entertainment options, recreational facilities, conferences, exhibitions, which have not been available so far in Southern Cyprus.
In total, the investment in the first integrated casino resort in Cyprus, the only one of its kind in Europe, will exceed 500 million euros, according to the Minister of Energy, Trade, Industry and Tourism, GiorgosLakkotrypis. It is expected to be the largest casino resort in Europe to date, with 136 gaming tables, 1,200 gaming machines, a 500-room luxury hotel with expandable capacity, a conference room comprising 6,000 square meters, with an audience capacity of 1,500 and a Spa center covering 4,000 square meters, according to the minister.
Moreover, the City of Mediterranean Dreams brings with it over 4,000 jobs in the construction phase and 2,400 jobs in the fully operational phase. After the second year of operation, the integrated resort is expected to contribute around € 700 million a year to the Cyprus economy, accounting for around 4% of the country’s annual GDP.
The resort offers a five-star hotel with luxury villas, 500 rooms, 11 restaurants and cafes, a shopping area and a sports center. On June 28, 2018, a temporary casino was opened and the approval of 4 other satellite casinos, Nicosia, Larnaca, Famgusta and Paphos, is expected.
The casino complex aims to put Cyprus on the map as a place of entertainment and is expected to attract tourists from all over the world and not just Europe. The second focus is on conferences, where contracts have already been signed with the UK, Dubai and Greece.