CYPRUS STARTS BUILDING 'EUROPE'S BIGGEST CASINO RESORT '

The casino complex will have hotel rooms, a gaming area of 7, accord metres 80, square feet and an expo centre spanning more than 9, square metres. It will accommodate betting tables, 1, gaming machines and 11 restaurants.

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Announce more Nicosia AFP A casino byzantine billed as the largest of its kind in Europe is scheduled en route for begin operations in Cyprus bygiving a major boost to the economy, officials said Tuesday. The Cypriot economy grew by around four percent last day and a similar growth rate is expected for this year, buoyed as a result of an anticipated increase in tourism income. The government forecasts the casino alternative will generate around million euros, before four percent of GDP, from the second year of operation, while attracting an extratourists a year. It bidding be the biggest casino resort all the rage Europe, boasting gaming tables, 1, betting machines, a room luxury hotel along with the capacity for expansion, a alliance hall spanning 6, square metres along with an audience capacity of 1, after that a wellness centre covering 4, accord metres, said the minister. President Nicos Anastasiades took part in a argument breaking ceremony for the "City of Dreams Mediterranean" complex in the southern town of Limassol, calling it the biggest investment project ever undertaken all the rage Cyprus. He expected the casino en route for attract an additionaltourists a year, backdrop Cyprus, among others, as a high-profile international conference destination. The President of the Republic of Cyprus, Mr. The casino's "broader contribution to the belt-tightening exercise from the second year of act is estimated to be around million euros or 4 per cent of GDP," he added.

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After that a super casino is expected en route for add another , tourists annually, bolstering the already three million-plus arrivals. Melco's chairman Lawrence Ho said the disco - to be named City of Dreams Mediterranean - is a main concern for the company as it is the first time the brand is operating outside of Asia. Moreover, Capital of Dreams Mediterranean will create an estimated 4, local job opportunities all through the construction phase and approximately 2, permanent jobs once it is abundant operational. Set to open in Limassol in , the resort will agreement a range of attractions and activity options beyond gaming, including recreation after that MICE facilities meetings, incentives, conferences after that exhibitions currently not available in Cyprus, making City of Dreams Mediterranean a must-visit destination.

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The President of the Republic of Cyprus, Mr. The consortium - in which Melco has a Apart as of any fair dealing for the aim of private study or research, denial part may be reproduced without the written permission. Melco's chairman Lawrence Ho said the casino - to be named City of Dreams Mediterranean - is a priority for the ballet company as it is the first age the brand is operating outside of Asia. It has since recovered, afterwards the imposition of harsh austerity measures in exchange for a loan of 10 billion euros from the Global Monetary Fund and the EU. It will accommodate gaming tables, 1, betting machines and 11 restaurants. Ho alleged the integrated casino will put Cyprus on the world tourist map as a result of attracting visitors from across the ball. A casino complex is a answer part of the government's plans en route for stimulate the island's recovering economy, along with the creation of 4, construction jobs and 2, permanent staff. A acting casino is to open in Limassol later this month, while satellites all the rage other towns including the capital Nicosia should all be operating by after that year.

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The Straits Times

Around have long been casinos in the breakaway Turkish Republic of Northern Cyprus, recognised only by Ankara, but antagonism from the Orthodox Church and fears over the social dangers of betting had kept them out of the Greek Cypriot south. These satellites should be operating by the end of June this year. The casino's "broader contribution to the economy from the second year of operation is approximate to be around million euros before four percent of GDP," he added. A temporary casino in Limassol began its operations on 28 Junewhile four satellite casinos in Nicosia, Larnaca, the Famagusta area and Paphos will activate operations very soon as well. Head Nicos Anastasiades took part in a ground breaking ceremony for the "City of Dreams Mediterranean" complex in the southern town of Limassol, calling it the biggest investment project ever undertaken in Cyprus. It has since recovered, after the imposition of harsh asceticism measures in exchange for a advance of 10 billion euros from the International Monetary Fund and the EU. We are ready to offer above what be usual return on investment. But, until at once, opposition from the influential Greek Accepted Church and misgivings among many Greek Cypriots about the social dangers of gambling had kept them out of the south.

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Europe’s largest ‘Casino Resort’ to be built in Limassol

A casino complex is a key amount of the government's plans to accelerate the island's recovering economy, with the creation of 4, construction jobs after that 2, permanent staff. It will be the biggest casino resort in Europe, boasting gaming tables, 1, gaming machines, a room luxury hotel with the capacity for expansion, a conference antechamber spanning 6, square metres with an audience capacity of 1, and a wellness centre covering 4, square metres, said the minister. Today, we are not just laying the foundation boulder of the ICR, but also entering a new era for Limassol, after that for Cyprus as a whole. After that a super casino is expected en route for add anothertourists annually, bolstering the before now three million-plus arrivals. Estimated to asking price million euros, the complex would be the largest integrated casino in Europe, with hotel rooms and other facilities spanning more than 6, square metres. The resort, besides featuring of a five-star hotel with luxury villas after that hotel rooms, will also include 11 restaurants and cafeterias, a retail area, and a sports centre. There allow long been casinos in the become independent from Turkish Republic of Northern Cyprus, which is only recognised by Ankara.

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Classifieds

It will accommodate gaming tables, 1, betting machines and 11 restaurants. The Cypriot economy grew by around 4 apiece cent last year and a akin growth rate is expected for this year, buoyed by an anticipated add to in tourism revenue. Today, we are not just laying the foundation boulder of the ICR, but also entering a new era for Limassol, after that for Cyprus as a whole. The casino complex will have hotel rooms, a gaming area of 7, accord metres 80, square feet and an expo centre spanning more than 9, square metres.

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Cyprus starts building 'europe's biggest casino resort'

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