The winner will operate an integrated casino resort for 30 years with exclusivity assured for half that period. The casino will have 100-200 gaming tables and 1,000-2,000 machines.
Integrated Casino Resorts Cyprus Limited (ICRC), comprising Melco International Development and The Cyprus Phassouri (Zakaki), received confirmation from the National Gaming and Casino Supervision Commission on the approval of the change in composition of the Consortium.
The Cyprus consortium led by Melco International Development Ltd plans to open a casino in the terminal building of Larnaca International Airport on the southern coast of Cyprus. The operator of Larnaca Airport Hermes Airports Ltd has signed a two-year agreement with Integrated Casino Resorts Cyprus (ICR Cyprus), under which ICR Cyprus will receive two specific locations in the building to.In Cyprus, the consortium formed between Melco International and Cyprus Phasouri (Zakaki) Limited has successfully obtained a 30-year license agreement to develop and operate an integrated resort. 2017 Feb. Melco International completed the purchase of additional interest in, thereby assumed majority ownership of, Melco Crown Entertainment. Melco International now holds approximately 51.3%.Shortly after, the Melco-Hard Rock Resorts Cyprus consortium announced that it had received approval from the Cyprus government to build and operate Europe’s first integrated casino resort. A recent report suggests that the consortium could open a temporary training venue in Limassol by the end of 2017.
Not too long after, the consortium announced that it had received approval from the Cyprus government to build and operate the continent’s first large scale Integrated Casino Resort (ICR). The 30-year casino license will be exclusive for 15 years and allows for a satellite casino in Nicosia.Read More
The Company’s Chairman and CEO Mr. Lawrence Ho attended the 2nd Belt and Road Forum for International Cooperation in Beijing, China, with Mr. Melis Shiacolas, Managing Director of CNS Group; the parent company of The Cyprus Phassouri (Zakaki) Limited, which is a member of the Integrated Casino Resorts Cyprus Consortium.Read More
Melco-Hard Rock consortium officially granted Cyprus license. November 7, 2016. The government has given the go ahead for the Melco-Hard Rock consortium to build an integrated resort casino in the Republic of Cyprus, local media reports. According to the ministry of commerce, the coordinating committee, “following the evaluation of the application of the participant in the licensing process.Read More
In June 2017 the Republic of Cyprus, which controls the southern portion of that Mediterranean holiday island, gave a 30-year casino licence to the Integrated Casino Resorts Cyprus Ltd consortium, which has Melco International as a partner. The licence allows the holder to build as many as four satellite casinos in addition to the main property, which is to be known as City of Dreams.Read More
Mayor of Paphos did not allow to rent a building under a casino in the harbor of Kato Paphos. Paphos Mayor Fedonos Fedonas did not approve an application from the Consortium Integrated Casino Resorts Cyprus Ltd (ICR Cyprus) to rent a building in Kato Paphos. The operator will have to look for another place for casino. According to media reports, the reason for the refusal lies in the fact that.Read More
Integrated Casino Resorts Cyprus Ltd (“ICR Cyprus”), the only licensed operator of casinos in Cyprus, has launched Cyprus Casinos Larnaca (“C2 Larnaca”) at the Larnaca International Airport. It is the second ICR Cyprus licensed satellite casino in Cyprus after the successful launch of the first temporary casino - Cyprus Casinos Limassol (“C2 Limassol”) last June and the first.Read More
Melco C2 Paphos casino Cyprus to open later this year Apr 16, 2019 Newsdesk Latest News, Top of the deck, World Melco International Development Ltd, a Hong Kong-listed investor in gaming resorts, says it expects to open later this year the fourth satellite casino allowed under its consortium-based gaming licence for the Republic of Cyprus, the ethnic Greek portion of that Mediterranean island.Read More
Cyprus reveals casino resort shortlist By Edward Obeng. The Cypriot government has announced the shortlisted bidders for southern Cyprus's first casino resort licence. Bloomberry Resorts Corporation, Melco - Hard Rock Resort Cyprus Consortium and Naga Corp Ltd have passed the first stage of the process and will now submit completed proposals. The criteria for the new resort is a minimum of.Read More
The Consortium Integrated Casino Resorts Cyprus (ICRC) has announced the construction of the casino which is expected to be built in the town of Limassol. The casino’s name is City of Dreams Mediterranean and is expected to open its doors in 2021 with the deliberations starting soon. During the construction phase of the project (around 3 years), the investment exceeds half a billion euros.Read More
The Consortium is responsible for the construction and operation of the integrated casino-resort in Cyprus as well as four satellite casinos across the island. The prestigious Awards, organised by Invest Cyprus and Gold magazine, reward foreign investment in Cyprus, by honoring international investors and businesses in recognition of their substantial contribution to the Cyprus economy.Read More