Sep 28, 2016 Newsdesk Latest News, Top of the deck, World  
Asian casino investor and developer Melco International Development Ltd, led by casino entrepreneur Lawrence Ho Yau Lung, has confirmed in an email to GGRAsia that it is to proceed to the final bid stage regarding the single casino licence on offer in the Republic of Cyprus.
“The multinational consortium – Melco International Development Ltd, Hard Rock International [via Seminole HR Holdings LLC] and Cyprus Phasouri [(Zakaki)] Ltd – is ready to submit its final bid as per the official schedule i.e., October 5, 2016,” said Melco International in the email.
The statement added: “The consortium looks forward to collaborating with the [Republic of] Cyprus government to meet the set targets and establish a world-class integrated casino resort that will be highly beneficial to the economy and tourism of Cyprus.”
A final proposal for the licence must include at least 500 luxury hotel rooms, 1,000 gaming machines, and 100 gaming tables, according to the specially drafted local legislation. The winning bidder will also be allowed to build a satellite casino and three slot parlours in the country.
Last week two people with direct knowledge of the process separately told GGRAsia that Hong Kong-listed casino operator and developer NagaCorp Ltd – one of the three operators shortlisted by the Cyprus authorities – would also proceed to the final bid stage.
Additionally last week, Philippines-based casino operator Bloomberry Resorts Corp – the other shortlisted candidate – told us by email that it was “no longer pursuing” its bid for a gaming permit on the popular Mediterranean holiday island.
Mar 05, 2024
Feb 20, 2024
Apr 26, 2024
Apr 26, 2024
Apr 26, 2024
The Edge financial news outlet reported on Friday a statement on behalf of Malaysian businessman Vincent Tan of lottery specialist Berjaya Corp Bhd, describing as “inaccurate” reports of talks on...(Click here for more)
"With our ambition to be the leading gaming platform for the regulated online real money gaming industry, the addition of NeoGames to our team advances our strategy to build global scale and capability"
Trevor Croker
Chief executive of Aristocrat Leisure