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.
Cyprus Casinos Paphos – to be known as C2 Paphos – will be in the city of Paphos on the southwest coast.
Work on Melco International’s main Cyprus casino – City of Dreams Mediterranean – is due to start this month, with the property due to open in 2021, according to previous statements from the group.
Melco International issued a written statement on Thursday that said C2 Paphos would occupy nearly 550 square metres (5,920 sq feet) of floor space on a site covering 2,600 square metres, and have about 50 slot machines.
On April 4, Melco International announced that the third of its satellite casinos, the Cyprus Casinos Ayia Napa (C2 Ayia Napa) – in the popular holiday destination of Ayia Napa on the eastern end of the republic’s southern coast – would open some time during the summer.
The latest statement said the Ayia Napa establishment would occupy nearly 367 square metres of floor space built on a site covering 13,829 square metres, and would also have 50 slot machines.
The other two Melco International satellite casinos in Cyprus are in the cities of Limassol and Larnaca, both on the south coast.
Melco International is a partner of Integrated Casino Resorts Cyprus Ltd, which has a licence to develop one main casino and four satellite casinos in the Republic of Cyprus.
The Melco International statement quoted City of Dreams Mediterranean property president Craig Ballantyne as saying the satellite casinos and the main venue City of Dreams Mediterranean were meant to help establish Cyprus as a place to visit all year round, so contributing to the growth of tourism and of the economy in Cyprus.
