‘Melco-Hard Rock Resort Cyprus Consortium’ and ‘Naga’ are the two consortiums left, with the deadline for the submission of their final proposal being October 5, 2016.

The ‘Melco’ consortium is proposing that their casino be developed in land next to the Limassol Mall, while ‘Naga’ is proposing that their casino is built along the Larnaca-Dhekelia road.

The Melco-Hard Rock Resort Cyprus Consortium is comprised of the companies Melco International Development, Hard Rock International, and the Cypriot company Cyprus Phasouri, part of the CNS Group, which is active in the field of real estate, telecoms, dairy, agriculture, exports and mining. Melco International Development Ltd, which was founded in 1910 and was made part of the Hong Kong Stock Exchange in 1927 is a company with a long history.

Today, Melco is a global investor in the entertainment sector, active in China, the Philippines, Cambodia and Russia. Through the companies Melco Crown Entertainment, Melco Crown Philippines and Summit Ascent, the company owns and operates facilities under the trade names ‘City of Dreams’, ‘Studio City’, ‘Altira’ and ‘Tigre de Cristal’. In total, these companies own 4,500 hotel rooms, and employ more than 20,000 workers, with $4.8 billion in revenue in 2014. In 2015, the companies had won eight Forbes 5-Star awards.

Hard Rock International own buildings in more than 68 countries, including 162 cafes, 24 hotels and 11 casinos. The company owns the trademark for all Hard Rock franchises. The company manages cafes in cities such as London, New York, San Francisco, Sydney and Dubai. The company also owns and/or manages hotel-casinos across the world. Among them are the hotel-casinos in Tampa, and Hollywood, which belong to ‘The Seminole Tribe of Florida’, along with other locations such as Bali, Chicago, Cancun, Ibiza, Las Vegas, Macao and San Diego.

The Naga Group is active in Asia, and is based in Cambodia. The company has been inducted in to the Hong Kong Stock Exchange since 2006 and is the largest company of hotels and managing for lucky games and entertainment in Cambodia.

Source: InCyprus