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Melco to launch casino in Cyprus

Niji Ng

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Melco Resorts & Entertainment, a Hong Kong-based gaming and hospitality company, is all set to launch its first casino resort outside Asia.  The company has announced its €550-million City of Dreams Mediterranean integrated resort in Limassol, Cyprus. It will be a full-blown, Las Vegas-style casino – the first of its kind in Cyprus.

The ground-breaking ceremony was attended by Melco CEO and Chairman Lawrence Ho, Melis Shiakolas of CNS Group, Melco’s local partner, and Cypriot President Nicos Anastasiades, among a number executives and officials.

Melco was selected as the preferred developer of an integrated resort with a casino floor in the Republic of Cyprus in the fall of 2016, and received the necessary gaming license and other related permissions last year.

Its plan includes the development of a mixed-use complex in the Zakaki area of the city of Limassol. Construction work is expected to be completed in 2021. Melco has said that the resort’s development will annually create 4000 jobs. City of Dreams Mediterranean will also employ more than 6500 people directly and indirectly once fully operational.

The gaming portion of the resort will occupy 7500 square meters and will feature 1200 slot machines and 140 gaming tables. Aside from its casino, the first one on the territory of the Republic of Cyprus, the complex will also include a 500-room hotel, a 1200-square-meter retail area, 9600 square meters of convention, event, and meeting space, and a number of food and beverage facilities and attractions.

Melco has previously said that it would look to attract tourists all year round, instead of relying on the summer months during which the island nation sees the largest flow of international visitors. The company expects that the UK, Russia, Germany, and Israel will represent its largest markets.

Under the terms of its gaming license, Melco was allowed to operate a temporary casino in Limassol, while the main resort is under development. It was announced during today’s ground-breaking ceremony that the temporary facility will launch June 28 and will feature 33 gaming tables, 242 gaming machines, and a VIP gaming area.

The property cost €12 million to be built on a plot not far from the main resort’s construction site. The temporary casino will be closed once the larger casino opens doors. Staff will be transferred to the main gaming floor.

Melco and its local partner are also set to open four satellite casinos across the island nation, the first two of which – one in the capital Nicosia and the other in Paphos – are expected to be ready by November. A satellite facility will then launch in Larnaca in January 2019. The fourth such venue will be located in Ayia Napa and will be opened in May 2019.

 

 

Source: CasinoNewsDaily

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Industry News

StarCasinò and Lega Basket Serie A together at the Italian Basketball Cup 2019

Zoltan Tundik

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StarCasinò - Official Gaming Partner - Italian Basketball Cup
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Lega Basket Serie A and StarCasinò are proud to announce a sponsorship that will bring Lega Basket Serie A and the number one casino in Italy together at the Italian Basketball Cup 2019. StarCasinò will be the Official Gaming Partner for the Italian Basketball Cup event that will see the final eight qualifying teams playing for the cup, known as Coppa Italiana di Pallacanestro. The tournament is taking place in Florence between 14th and 17th February.

The sponsorship includes brand presence during all matches through LED boards, logo on the basketball court and visibility in the Lega Basket offline and online media. The package provides StarCasinò the opportunity to increase brand recognition and includes several elements for brand activation. The seven matches will be broadcasted live from the Nelson Mandela Forum on Rai Sport HD, Eurosport 2 and Eurosport Player.

Pietro Lechiara, Marketing Manager at StarCasinò, Betsson Group said of the announcement: “StarCasinò is delighted to be part of the Basketball Cup 2019, one of the most important events for basketball in Italy. We’re passionate about sport and it’s a very important part of our brand strategy. This strategic partnership will further allow us to promote our responsible gaming values.”

Lega Basket Serie A president Egidio Bianchi, said: “We are very proud to have StarCasinò with us, as it yet again demonstrates that Lega Basket Serie A and Basketball Cup 2019 are establishing a strong brand with a key showcase event in the Italian sports calendar. With this partnership, we are sure that we’ll also give new entertainment experiences to the fans”.

About StarCasinò
StarCasinó is Betsson Group’s Italian brand which holds iGaming license AAMS n. 15230. The quality of StarCasinó is highly recognised locally as one of the best casino operators within the Italian online casino market. Everything is in full harmony with the vision and objectives of the Swedish company, Betsson Group, which wants to provide the best gaming experience in the field. Betsson Group has won several international prestigious awards, such as the EGR Best Operator Award, EGR Best Customer Support and also recognised for its Best Affiliate Programme at the EGR Italy Awards 2018.

About Betsson Group
With 17 brands, including Betsafe.com, Betsson.com, NordicBet.com and CasinoEuro, offering Sportsbook, Casino and other games, Betsson Group is one of the world’s largest gaming groups, at the heart of entertainment for over five decades. The company’s vision is to provide the best customer experience in the industry – listening to, and learning from, its customers, and then exceeding their expectations. Betsson Group is wholly owned by Betsson AB – listed on Nasdaq Stockholm Large Cap.

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Gambling in the USA

PointsBet enters the legal New Jersey betting market

Niji Ng

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PointsBet into the legal New Jersey betting market
Image Source: frntofficesport.com
Reading Time: 1 minute

 

PointsBet has launched its online sports betting platform in New Jersey, had become the ninth operator to enter the legal New Jersey sports betting market. PointsBetting is essentially a high-risk form of spread-betting that rewards players with more money.

The company explained how PointsBetting works: “If a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”

New Jersey residents can access PointsBet in web browsers via PointsBet.com or by downloading the PointsBet mobile app for Android or iOS.

Johnny Aitken, PointsBet US CEO said: “We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US.

“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”

PointsBet is also partnered with Tioga Downs Casino in New York and will launch sports betting operations in New York if the state moves to legalise sports betting.

 

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Industry News

Good show by Portuguese casinos in 2018

Niji Ng

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Good show by Portuguese casinos in 2018
Photo Source: girlgamer.gg
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Portuguese casinos reported an improved performance (3.1%) with more than €318 million in revenue last year. The biggest threat for the thriving casino industry is – probably – the online gambling segment.

During 2018, Stanley Ho’s Estoril-Sol continued to lead the casino industry with annual turnover of nearly €197 million rising 2.4% year-on-year. Solverde Group saw the highest increase from 2017, as it grew 4.8% year-on-year through the €93.6 million revenue.

All the other casino operators in the country, except the Pestana Group, also reported improved performances in 2018. The Pestana Group shows a decline in its revenue by 3.1% last year, to a total €8.4 million.

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