Cyprus Mail
Cyprus

Casino resort short-list confirmed

The government on Tuesday announced the names of the three short-listed bidders for the casino resort licence.

They were named as; Bloomberry Resorts Corporation, Melco – Hard Rock Resort Cyprus Consortium, and Naga Corp Ltd. The names had already been widely reported in the media.

Reportedly Hard Rock is looking at Limassol, Bloomberry at Paphos and Nagacorp at Larnaca.

The three will now be invited to participate in the second stage of the process – submitting complete proposals.

Last Thursday parliament gave the nod to the regulations governing the establishment and operation of an integrated casino resort, paving the way for the government to start negotiations with the companies shortlisted for the lucrative licence.

The ordinances passed with 28 votes in favour, one against, and 16 abstentions.

The regulations relate to such issues as the operation of the Gaming Authority, the casino licensing procedures, disciplinary procedures in cases of infractions by the casino operator, casino operations, casino premises and equipment, licensing of casino employees, the casino tax to be levied by the government, and advertising restrictions.

In the first stage of the process eight candidates expressed an interest and were evaluated based on the set criteria.

“The commerce ministry expresses its satisfaction with the level of interest demonstrated and looks forward to a successful completion of the process,” an announcement said.

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