• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco unit casino ops in Cyprus to resume in mid-July

May 04, 2020 Newsdesk Latest News, Top of the deck, World  


Melco unit casino ops in Cyprus to resume in mid-July

Cyprus Casinos will be permitted to resume its gaming operations in the Republic of Cyprus on July 14, as the local government announced a phase reopening of the economy starting on May 4. But the relaunch timetable would depend on the trend in the number of Covid-19 cases in the coming weeks, said the nation’s President Nicos Anastasiades in a prepared speech.

Cyprus will start easing its coronavirus lockdown by allowing some businesses to reopen from May 4, with restrictions on citizens’ movement to be lifted on May 21, according to a government statement. Construction and related companies would be allowed to reopen in a first phase, as would retail businesses apart from shopping malls and large stores.

From June 9, hotels, shopping malls and airports would be added to the phased reopening, but under what the government termed strict conditions and social distancing rules. Casinos, theatres and indoor cinemas would be part of the last stage of reopening the economy, starting on July 14, according to the official statement.

Cyprus Casinos (C2) is controlled by ICR Cyprus Holdings Ltd, a joint venture by gaming entrepreneur Lawrence Ho Yau Lung’s Melco Resorts and Entertainment Ltd and Cyprus Phassouri (Zakaki) Ltd, a Cyprus-based conglomerate. The venture has a 30-year exclusive licence to run casinos in Cyprus.

The group’s gaming operations have been suspended since March 16. Initially, the suspension was to last a month, but it had already been extended once, until the end of April.

The group currently operates four licensed satellite casinos – called respectively Cyprus Casinos Paphos (C2 Paphos), C2 Ayia Napa, C2 Nicosia and C2 Larnaca – and a C2 Limassol, described as the temporary main casino property in that market. The current Cyprus Casinos operation is to be supplemented by the launch of a large casino resort, to be called City of Dreams Mediterranean.

That complex is being built in Limassol, a city on Cyprus’ south coast, and is due to be finished in 2021. The venture has said operation of the temporary venue C2 Limassol will cease when City of Dreams Mediterranean is launched.

The government in the Republic of Cyprus – the ethnic Greek portion of that Mediterranean island – took measures early on, to prevent the spread of Covid-19: it partially sealed its borders on March 14, and ordered the temporary suspension of all non-essential businesses. The government also imposed a curfew to contain the spread of the coronavirus.

In his speech, President Anastasiades repeatedly emphasised the need for caution, saying the easing of restrictions would depend on people continuing to follow the rules.

Cyprus had recorded 850 Covid-19 infections as of May 1, with 20 deaths, according to official data from the Ministry of Health.


  • tweet
Related articles
  • GEN Singapore posts US$29mln 1Q profit, up sequentially
    GEN Singapore posts US$29mln 1Q...

    May 12, 2022  

  • Casino firm Paradise Co slips to negative EBITDA in 1Q
    Casino firm Paradise Co slips to...

    May 12, 2022  

More news
  • Pragmatic Play to offer its slots via online platform bet365
    Pragmatic Play to offer its slots via...

    May 17, 2022  

  • PH Resorts widens 1Q loss, affirms going concern risk
    PH Resorts widens 1Q loss, affirms...

    May 17, 2022  


Latest News

Pragmatic Play to offer its slots via online platform bet365

Pragmatic Play to offer its slots via online platform bet365

May 17, 2022  

The Pragmatic Play brand, a leading content provider to the iGaming industry, says it has signed a deal to launch its complete slot portfolio on the bet365 online wagering platform. As a result,...
Read More
PH Resorts widens 1Q loss, affirms going concern risk

PH Resorts widens 1Q loss, affirms going concern risk

May 17, 2022  

AAEC side files appeal notice on failed lawsuit against LVS

AAEC side files appeal notice on failed lawsuit against LVS

May 17, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$14.5 million

First-quarter gaming revenue recorded by the casino at the Jeju Dream Tower resort in South Korea



Most Popular

  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us