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City of Dreams Mediterranean casino resort is anticipated to be launched in 2021 City of Dreams Mediterranean casino resort is anticipated to be launched in 2021

Cyprus’ First Satellite Casino to Open on June 28

As construction of Cyprus’ first integrated casino resort (ICR), City of Dreams Mediterranean, gets underway, the island’s first authorised pop-up casino is due to open its doors in Limassol on June 28.

The pop-up casino will be situated at 271 Franklin Roosevelt Avenue in Zakaki, Limassol. With an area totalling 4,600 m² and a gaming area covering 1,300 m², the temporary casino will host 33 tables and 242 slots, a VIP gaming area, a restaurant and two bars. Entrance to all the facilities will be permitted only to people aged above 21.

Having secured the first casino resort licence in Cyprus as part of Integrated Casino Resorts Cyprus Consortium comprising Melco Resorts & Entertainment (Melco) and The Cyprus Phassouri (Zakaki), Melco has underlined the casino will function in accordance to Cyprus legislation and regulations and Melco’s high professional standards, with a particular focus on responsible gaming.

With a capacity for 1,000 people, the facility will be open 24 hours a day. The expected visitation per month is 25,000 people. When the City of Dreams Mediterranean casino resort is launched in 2021, the pop-up casino will cease operations and all personnel will automatically be transferred to the ICR.

Melco anticipates opening four more satellite casinos this year, one each in Nicosia, Larnaca, the Famagusta district and Paphos and has so far recruited 593 employees of which 75 percent are Cypriot nationals.

Once up and running, City of Dreams Mediterranean is anticipated to boost tourism in Cyprus attracting an additional 300,000 tourists annually and contributing significantly to alleviating seasonality.

During the construction period, which began with a groundbreaking ceremony on June 08, the EUR550 million (USD648.8 million) project is expected to create around 4,000 jobs per year in Cyprus.

Once the resort is fully operational, the resort is expected to contribute to approximately 6,500 direct, indirect and related full-time jobs.

After the second year of operation, the ICR is expected to contribute approximately EUR700 million (USD825.74 million) per year to the Cyprus economy, accounting for around four percent of the country’s annual Gross Domestic Product.

The gaming area will cover 7,500 m² with about 140 tables and 1,200 gaming machines while the hotel will include 500 five-star guestrooms, exclusive suites and villas.

Food and beverage options are set to include 11 world-class restaurants and bars while a 1,200 m² retail area will replicate the streetscape of the old Nicosia city centre.

When it comes to recreation, City of Dreams Mediterranean will boast spa and fitness facilities and sports and leisure amenities including a seven-a-side football pitch, tennis court, squash court and jogging trail.

There will also be indoor and outdoor swimming pools and landscaped spaces and a 1,500-seat amphitheatre and terraced lawn for live outdoor entertainment.

MICE options will encompass over 9,600 m² of convention, meeting and event space, including a 1,500 m² multi-purpose function space and a 3,000 m² expo centre.

Speaking at the groundbreaking ceremony, Lawrence Ho, CEO, Melco, noted City of Dreams Mediterranean would be Europe’s largest ICR, and Melco’s first expansion outside Asia.