The Government is one step ahead of the award of the license for the creation of a casino-resort in Cyprus, after the deadline for submission of proposals by the three pre-selected candidates. Work by the investor is expected to begin in the first quarter of 2017, if the proposal satisfies the Government.
As announced by the Undersecretary to the President, Konstantinos Petridis, a proposal was received from the Melco-Hard Rock consortium, two companies of renowned prestige with long experience in the casino industry, following a highly transparent and competitive process that was followed. "These two companies chose Cyprus to open their doors to the European market, a fact that makes us absolutely happy," Petridis said in a statement he posted on his personal twitter account.
He adds that "attracting an investment, beyond € 500 million, creating thousands of jobs and enriching our tourism product, are some of the multiple benefits that will arise for the economy of Cyprus that undoubtedly satisfy us."
The Government, he said, is one step ahead of the award of the relevant permit and if after the evaluation of the consortium proposal, it appears that it meets the interests of the Republic and that the terms of the tender are met, within the first quarter of 2017 work by the investor.
The announcement of the consortium
The international consortium consisting of Melco International Limited (“Melco”, HKEx Code: 200), Hard Rock International (Seminole HR Holdings LLC “Hard Rock”) and Cyprus Phasouri (Zakaki) Limited, a member of the CNS Group, submitted today to Ministry of Trade, Industry and Tourism its detailed, comprehensive proposal for the creation of a multi-themed casino-resort in the Republic of Cyprus, responding to the requirements of the final phase of the tender announced by the government for licensing a casino in Cyprus.
Utilizing Melco's unique experience in setting up integrated casino resorts in Asia, as well as Hard Rock 's proven track record of delivering unique hosting experiences worldwide, the international consortium looks forward to working with the Cypriot government to establish a global casino resort. with significant benefits for the economy and tourism of Cyprus.
According to information in the consortium's plans, the construction of the casino is on land adjacent to the Limassol Mall.
It is recalled that Bloomberry Resorts Corp. also participated in the second round. , and Naga Corp., who eventually left.
Melco International Development Limited
Founded in 1910 and listed on the Hong Kong Stock Exchange in 1927, Melco International Development Ltd is a company with a long history and a promising future. Today, under the leadership of President and CEO Lawrence Ho, Melco stands out as a global leader in the entertainment industry with operations in China, the Philippines, Cambodia and Russia.
Through the gambling companies Melco Crown Entertainment, Melco Crown Philippines and Summit Ascent, the company owns and operates facilities under the brands "City of Dreams", "Studio City", "Altira" and "Tigre de Cristal", which have It has 4.500 hotel beds and employs more than 20.000 people, generating revenue of $ 4 billion (fiscal year 2015) and has won eight Forbes 5-Star (2016) and five Michelin stars (2015) awards for its world-class restaurants.
As a pioneering company setting new standards in the gaming industry and beyond, Melco has developed strong and effective partnerships with global entertainment brands and creative minds, including Dragone's The House of Dancing Water, the largest theatrical company. production of the world made in water, in the City of Dreams of Macau.
Widely recognized as a supporter of local governments in tourism and economic diversity, Melco was honored in 2015 with the title "ICON on Corporate Governance" by the Asian magazine Corporate Governance Asia, for the tenth consecutive year. More information about Melco on the website www.melco-group.com.
Hard Rock International
With buildings in more than 71 countries, including 168 cafes, 24 hotels and 11 casinos, Hard Rock International is one of the most recognized companies in the world. Starting with the trademark of Eric Clapton, Hard Rock owns one of the largest collections of music souvenirs, which is exhibited in various company buildings around the world.
Hard Rock is also known for its collectible accessories, inspired by the music and fashion industry, live concerts and its award-winning website. The company owns the trademark for all Hard Rock brands. The company owns, manages or licenses Hard Rock Cafes in iconic cities such as London, New York, San Francisco, Sydney and Dubai.
Hard Rock also owns and / or manages casino hotels worldwide. These include the two most successful casino hotels in Tampa and Hollywood, Fl., Owned by Hard Rock parent company The Seminole Tribe of Florida, as well as other locations such as Bali and Chicago. , Cancun, Ibiza, Las Vegas, Macao and San Diego. In the near future, Hard Rock Cafes will open in San Juan, Reykjavik and Tbilisi, among others.
In addition, Hard Rock Hotel is launching new hotel projects in Atlanta, Berlin, Daytona Beach, Dubai, London, Los Cabos, New York, Tenerife, Abu Dhabi as well as Shenzhen and Haiku in China. For more information on Hard Rock International, you can visit the website www.hardrock.com.
Cyprus Phasouri (Zakaki) Limited
Cyprus Phasouri (Zakaki) Limited (“CPZL”) is a member of the CNS Group, which is active in the real estate, telecommunications, dairy, agriculture, export and mining sectors in Cyprus.
Source: philenews