Thu, Apr 4, 9:18am by Staff Writer
Melco International Development, the Hong Kong-based owner of the Integrated Casino Resort Cyprus, said on Tuesday is has awarded the construction of City of Dreams Mediterranean to Avax-Terna JV, a partly owned Cypriot construction company.
A statement by ICR said that construction is set to begin this month and is scheduled to be completed by 2021.
The investment for the creation of the resorts totals 550 million euros (US$616 million).
City of Dreams Mediterranean, reportedly the region’s and Europe’s largest integrated casino resort, will be located in western Limassol.
The statement said the building will be adapted to the natural environment – a reply to criticism by environmental organisations that no environmental survey had been carried out prior to the issuing of the building permit.
Environmentalists said the bright lights of the casino would disorient migratory birds using a nearby wetland as their winter habitat.
City of Dreams Mediterranean will be feature a 16-storey hotel tower with 500 guest rooms, including multi-bay suites with garden balconies, an exhibition centre and four large outdoor pools.
According to ICR, the resort will offer a wide range of attractions and entertainment options beyond gaming.
The project is expected to attract an additional 300,000 tourists per year to Cyprus.
The casino said the construction will create an estimated 4,000 local job opportunities and 2,400 permanent jobs once the facility is fully operational, according to Xinhuanet.
The Mediterranean island country of Cyprus will have Europe's biggest integrated resort by the end of 2021. 'City of Dreams' will have a total investment of around €550 million.
— Gutshot Magazine (@GutshotMagazine) April 3, 2019
A dealer at a Melco Resorts casino in Cyprus has been embroiled in an alleged cheating scandal, Calvin Ayre reports.
The dealer is accused of assisting a player to win at roulette on 18 different occasions over a one-month period.
The 44-year-old dealer, whose name has not been released, had been aiding a 53-year-old man win on the roulette table.
Staff at the Cyprus casino found that he was acting suspiciously around the security cameras on the property.
The man was arrested immediately and has been in jail for the past four days.
The casino issued a statement saying they “won’t tolerate such behaviour.”
The dealer is currently facing fraud charges, which could be expanded as the investigation continues.
Melco Resorts opened their casino in Cyprus in June as part of the development of four separate casinos across the Mediterranean.
$621.25 million had been spent on the City of Mediterranean resort and casino facility that is expected to be complete in 2021.
A temporary structure is in place until it can be completed.
The Larnaca project, known as C2, is the third of four casino projects to be spread across the region by Melco.
The company was given a 30-year license to create the four resorts and casinos. Despite this recent turmoil, there is no discussion of any action being taken to remove the license as a result of the fraudulent behaviour of one employee.
Melco is likely to have to undergo tighter scrutiny for some time until they prove that this is an isolated incident, according to Calvin Ayre.
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