Melco-Hard Rock Consortium Wins Cyprus Casino License
The Melco-Hard Rock Resorts Cyprus consortium is selected while the candidate that is preferred the construction for the very more chilli slot machine tips first casino resort into the Republic of Cyprus, neighborhood news reported on Friday.
This past year, the Cypriot government adopted a legislation that allowed for the establishment of the multi-purpose complex with gambling, accommodation, and entertainment choices. Legislators launched a call for tenders process that attracted eight worldwide operators. Three candidates were short-listed for the following stage of this procedure, with those being fully a consortium of Hong Kong-listed Melco Overseas Development and more chilli slot United States operator Hard Rock Overseas, Cambodia’s NagaCorp, and operator that is philippine Resorts.
The three developers that are interested up until at the beginning of October to submit detailed bids for the procedure of this nation’s very first casino and resort resort. NagaCorp and Bloomberry Resorts dropped out from the battle briefly prior to the October due date, thus leaving the Melco-Hard Rock joint venture 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 more chilli slot machine big win in the Mediterranean island’s Southern part as the preferred bidder. (more…)