Melco to add Asian flavor to Cyprus melting pot

Asian operators have been slow to venture into European markets, but that may be about to change, with a consortium made up of Melco International Development and Hard Rock International eyeing a project on the island of Cyprus. Last month, the consortium was notified their proposal for an integrated resort casino in the Republic of Cyprus has been approved and the group was formally invited to apply for the gaming license.  Exact details on what the resort will look like remain unclear while the tender process rumbles towards completion, but the government has previously stated plans must include at least 500 luxury hotel rooms, 1,000 gaming machines and 100 tables. Constantinos Petrides, deputy minister to the country’s president, has been cited in local media as saying the size of the investment is about 500 million euros. It’s a sizeable development and one that shows Melco is confident in the opportunities Europe offers...

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