The news was announced recently during Melco-Hard Rock’s presentation of their proposal to the relevant state coordinating committee at the International Conference Centre in Nicosia.
The casino resort, which is earmarked to be completed by 2019 in the area west of MyMall in Limassol, is set to be preceded by four smaller ‘satellite casinos’ in Nicosia, Larnaca, Paphos and the Famagusta district – the largest of which will operate in Nicosia with five table games and 50 slot machines.
In addition to the ‘satellite casinos’, the well-known Monte Caputo night spot on the outskirts of Limassol is expected to be converted, following a radical renovation, into a temporary casino to begin operations by October 2017.
It’s ideal location prompted Melco-Hard Rock to utilise the location to attract custom from Limassol, Larnaca and Nicosia.
The casino resort will officially open its doors in January 2020, and will be the first multi-themed casino in Europe.
The casino will include a hotel, restaurants, theme parks, waterparks, bars, cafeterias, gyms, shops and spas and is expected to cost over half-a-billion euros.
Melco-Hard Rock is expected to promote the casino abroad in order to attract tourists from Europe, Russia, Israel and the Middle East.
The decision whether to award the licence or not is expected to be made by the beginning of November. If successful, Melco-Hard Rock will be awarded the licence for a period of 15 years.