Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that it has selected the city of Paphos to serve as the home for its fourth and final Cypriot satellite casino.
The Hong Kong-listed firm revealed that the coming 27,986 sq ft facility is due to be opened in the southwestern community of approximately 90,000 inhabitants by the end of the year featuring a 5,920 sq feet gaming floor hosting some 50 slots.
According to a report from GGRAsia, 2017 saw Melco in partnership with local conglomerate, The Cyprus Phasouri (Zakaki) Limited, win the right to build and operate the first integrated casino resort for Cyprus. This $648 million facility has been provisionally christened City of Dreams Mediterranean and is now expected to be opened near to the southern city of Limassol in 2021 complete with around 500 hotel rooms alongside a 70,000 sq ft casino offering approximately 1,000 slots and some 100 gaming tables.
In addition to this grand development, the Asian firm was given permission to debut four smaller satellite casinos and subsequently opened the first of these C2-branded facilities in the capital city of Nicosia in early-December before following up only a few weeks later with a similarly-sized enterprise for Larnaca. Last week saw Melco explain that its third such property is destined to debut this summer in the popular tourist resort town of Ayia Napa in advance of the premiere of its final associated venture in Paphos.
Construction on City of Dreams Mediterranean is expected to start later this month while Melco Int’l, which is the majority owner of Macau casino behemoth, Melco Resorts and Entertainment Limited, is hoping that the four satellite facilities will help it to drum up interest in this giant venue in order to transform Cyprus into a year-round destination for both tourists and gamblers.