MONDAY, 23 APR 2018

 

CONNECT

Facebook Linked In Twitter
PwC_12/04-25/04_728x90px
GloriaJeans_266x90px
IMH LTD

New Standards for Recreational and Personal Craft

ImpacTech Appoints Anthony Papaevagorou as Sales Director

IMH LTD
PwC_12/04-25/04_468x60px

HOTEL, TOURISM & LEISURE

Melco-Hard Rock Resorts to Sign Contracts for the Construction of the Limassol Casino at the End of April

Melco-Hard Rock Resorts to Sign Contracts for the Construction of the Limassol Casino at the End of April

Melco-Hard Rock Resorts, the consortium tasked with building the Republic of Cyprus’ first grand casino in 2020, are expected to sign the contracts for the construction of the multimillion euro project towards the end of April.

The consortium has set January 2020 as the opening of the Cyprus’ first casino next the My Mall in Limassol while October 2017 sees the temporary casino opening its doors in Limassol which will operate until the opening of the casino in 2020, In-Cyprus reports.

The Coordinating Committee is expecting to complete due diligence checks on the consortium within the next few days before submitting their report to the cabinet.

Following the signing of the contracts, the National Gaming and Casino Supervision Commission will issue the relevant operating licences to the consortium.

The licence – the only one to be issued – will be valid for a period of 15 years with the possibility of renewal for a further 15 years.

It is expected that in July four satellite casinos will open their doors for the public, the largest of which will be in Nicosia with 50 fruit machines and 5 tables.

The other three satellite casinos will open in Larnaca, Paphos and in the Famagusta district but will only have fruit machines and no tables.

The exact location of the temporary and satellite casinos have as yet not been determined.

 

MORE ON HOTEL, TOURISM & LEISURE

Charles Meaby: Promoting Cruise Tourism

On the occasion of the Cruise Executive Summit, which will be hosted by DP World Limassol ...

CTO: No Cancellations of Tourist Bookings for Cyprus

There have been no cancellations of bookings made by foreign tourists who will visit ...

The Best Is Yet To Come

The travel and tourism sector today accounts for more than 10% of global GDP and in ...

FROM AROUND GOLDNEWS

   

Global and European trends in Real Estate

IMH is organizing the 12th Real Estate & Construction Conference on Thursday, 17 May 2018 at the Hilton Park Hotel in Nicosia. This is traditionally the ...
   

Global Companies to Attend the Cruise Executive Summit

Executives from global companies involved in the sector of cruises and tourism will be in Cyprus at the end of April invited by DP World to join the Cruise ...
   

New Standards for Recreational and Personal Craft

The Department of Merchant Shipping recently announced the publication of the Essential Requirements (Recreational Craft and Personal Watercraft) Regulations ...
   

Moving towards a ‘Greener’ International Shipping Industry

The 72nd Session of the International Maritime Organisation’s (IMO) Marine Environment Protection Committee (MEPC) was held from 9 to 13 April 2018 in ...
   

ATFX Acquires CySEC Licensed PositivaFX

ATFX has expanded to Cyprus, acquiring control of CySEC licensed institutional FX broker PositivaFX, LeapRate reports. ATFX is a co-brand shared by a number ...
   

Fitch Upgrades Cyprus Long-Term Foreign-Currency IDR to BB+ With Positive Outlook

Fitch Ratings has upgraded Cyprus`s Long-Term Foreign-Currency Issuer Default Rating (IDR) to `BB+` from `BB` with a positive outlook. The rating is just one ...
   

Point Nine Organises Second Annual Conference in Limassol

PwC Cyprus participates in the Second Annual Conference organised by Point Nine, titled "Investor Services and Regulation: Challenges of the ...
   

Industrial Turnover Index Increases by 10.8%

The Industrial Turnover Index for January 2018 reached 82.8 units (base 2010=100), recording an increase of 10.8% compared to January 2017.  For ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Invest Career 19/04-26/08
GloriaJeans_300x250px

IMH LTD