News From The Casino Scene

Cyprus on the lookout for integrated resort

Cyprus on the lookout for integrated resort

Cyprus' government has recognized that the only way to move forward and to mantain a balance between casinos and the national economic growth is to create one integrated casino resort rather than multiple casinos.

As the Tourism Minister expressed, George Lakkotrypis, “The primary goal of establishing a casino here is to enhance the quality of tourist services and attract tourists." He added that "the only option is creating an integrated resort."    

The governement is working on issuing a license within the next 12 months that will develop a global casino resort with restaurants, hotels, shops and themed parks. The resort is expected to provide an important growth in Cyprus' tourism industry as well as creating a high revenue to the government from gambling taxes.

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