• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco venture opens fourth satellite casino in Cyprus

Feb 27, 2020 Newsdesk Latest News, Top of the deck, World  


Melco venture opens fourth satellite casino in Cyprus

Cyprus Casinos says it has opened its “fourth and last” licensed satellite casino in the Republic of Cyprus, in the city of Paphos, on the southwest coast of the Mediterranean island.

Cyprus Casinos – controlled by ICR Cyprus Holdings Ltd – issued a written announcement this week saying the new satellite casino, called Cyprus Casinos Paphos (C2 Paphos), supplements its other establishments elsewhere in Cyprus: the C2 Ayia Napa, C2 Nicosia and C2 Larnaca satellite casinos; and its C2 Limassol temporary main casino.

ICR Cyprus Holdings is 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. It has a 30-year exclusive licence to run casinos in Cyprus.

The Cyprus Casinos announcement said C2 Paphos (pictured) has 50 gaming machines. The venue welcomed its first customers on Monday, stated the document.

C2 Paphos is located in the city’s main touristic area in close proximity to Paphos International Airport and Paphos’ historical city centre, said the venue’s promoter.

The casino operator said Melco Resorts had designed the building housing the casino specially for Paphos. The building sits on a plot of 2,600 square metres (27,986 sq feet) and contains 550 square metres of floor space. C2 Paphos has 25 employees, according to the firm’s statement.

The announcement quoted the president of Cyprus Casinos, Craig Ballantyne, as saying: “We strongly believe that C2 Paphos will further enhance the local touristic experience and attract more visitors to the district not only from Cyprus but also from abroad”.

The Cyprus Casinos establishments opened so far are the precursors of a large casino resort, to be called City of Dreams Mediterranean.

City of Dreams Mediterranean is being built in the Cypriot city of Limassol and is due to be finished in 2021. Operations of the temporary C2 Limassol will cease when the City of Dreams Mediterranean is launched.

The casino resort will comprise a five-star hotel in a 16-storey building containing 500 guest rooms or suites, facilities for meetings and exhibitions, and a casino containing over 100 gaming tables and 1,000 gaming machines, according to previous information from its promoter.

In November, Melco Resorts said the main contractor on City of Dreams Mediterranean aimed to deliver the building structure “over the next nine months,” so that the property can “open to the public by the end of 2021”.

In July Nasdaq-listed Melco Resorts announced that it had acquired for US$375 million all of its parent’s interest in the entity developing the casinos in Cyprus.


  • tweet
Related articles
  • Lawrence Ho awarded US$10mln in Melco Resorts shares
    Lawrence Ho awarded US$10mln in Melco...

    Apr 09, 2021  

  • Countdown hotel at CoD Macau closes for renovation
    Countdown hotel at CoD Macau closes for...

    Apr 01, 2021  

More news
  • Macau seeks mutual vaccine recognition with Guangdong: CE
    Macau seeks mutual vaccine recognition...

    Apr 13, 2021  

  • Blackstone amends terms to Crown bid over gaming licences
    Blackstone amends terms to Crown bid...

    Apr 13, 2021  


Latest News

Macau seeks mutual vaccine recognition with Guangdong: CE

Macau seeks mutual vaccine recognition with Guangdong: CE

Apr 13, 2021  

The Macau government is discussing with mainland China’s central authorities the possibility to trial a plan for a “mutual recognition” system of Covid-19 vaccination between Macau and its...
Read More
Blackstone amends terms to Crown bid over gaming licences

Blackstone amends terms to Crown bid over gaming licences

Apr 13, 2021  

Three Manila casinos say still shut despite eased lockdown

Three Manila casinos say still shut despite eased lockdown

Apr 13, 2021  

Galaxy Cinemas brand update as UA Cinemas exits trading

Galaxy Cinemas brand update as UA Cinemas exits trading

Apr 13, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”An integrated resort in this historic region will create opportunities to promote Kyushu and inbound tourism, increase international MICE demand and further develop the economies of the region and the rest of Japan”

Yutaka Aso

Chairman of the Kyushu IR Promotion Council



Most Popular

  • Philippines needs AML reform on casino biz: IMFPhilippines needs AML reform on casino biz: IMF April 12, 2021
  • Macau casino 1Q EBITDA softer sequentially: MSMacau casino 1Q EBITDA softer sequentially: MS April 12, 2021
  • Manila quarantine easing to April 30, casinos shut for nowManila quarantine easing to April 30, casinos shut for now April 12, 2021
  • Guangdong urges cross-border bet criminals to surrenderGuangdong urges cross-border bet criminals to surrender April 9, 2021
  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us