The largest casino in Europe
Cyprus signed a deal with Macau's Melco International and America's Hard Rock for the construction and operation of the biggest casino in Europe.
The casino resort estimated to cost 600 million euros and will be the first in the internationally recognized south of the Mediterranean holiday island.
The consortium has a 30 years licence to build an integrated casino resort in the southern coastal town of Limassol and set up four satellite casinos in other towns.
"In addition, the casino resort will include the largest casino in Europe, with 136 gaming tables and 1,200 gaming machines''
Energy Minister of Cyprus Mr. Lakkotrypis said that: Our goal is the improvement of incoming tourism, increasing arrivals, and average spending per capita, and also to see this contribute to the ongoing efforts to address the problem of seasonality in the Cypriot tourism industry, he said.
"Our other strategic objective was the creation of new jobs and additional tax revenue, supporting sectors that will be associated with the casino, and attracting further foreign investment.