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Melco to start a casino in Cyprus

Published

7 years ago

April 4, 2018

Niji Narayan

Photo credits: http://www.cyprustourism.news

Reading Time: < 1 minute

Melco International Development Ltd, a Hong Kong-listed company, is going to launch a temporary casino facility in Cyprus later this year.

Lawrence Ho, the company chairman, has confirmed the development. The temporary facility is expected to function till 2021, the year the company had set for the launch of its main venue.

“In 2018, we will commence operating a temporary casino facility while we work towards a 2021 targeted opening for the permanent integrated casino resort,” said Lawrence Ho Yau Lung in the annual report of the company filed on Thursday.

“2018 promises to be a year of beginnings. Macau has entered a new phase of growth. Our first integrated resort will achieve its third and final phase. We will break ground in Cyprus, and we hope to secure a gaming license in Japan,” reads the report. “From Macau, the Philippines and around the Asian region to Cyprus, I am also confident that we will continue to diversify our revenue streams and grow with the premium mass consumer base around the world,” said Ho.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.