Look for the third of Melco’s four satellite casinos in Cyprus to open sometime “this summer.”
Ayia Napa—C2 Ayia Napa for short—is licensed under a 30-year exclusive agreement between the local government and Integrated Casino Resorts Cyprus Ltd., a consortium of Melco International Development and Cyprus Phassouri (Zakaki).
Under the terms of the license, the investors can operate one integrated resort, City of Dreams Mediterranean, plus four satellite facilities. CoD will break ground this month on a 91-acre plot in the coastal city of Limassol.
According to a news release, CoD will be Europe’s largest integrated resort, with a 16-story, 500-room hotel tower, an expo center, an extensive pool area and kids’ playground, MICE facilities, retail, restaurants, and a spa and health club. The casino will offer more than 100 tables and 1,000 slot machines.
The project is expected to attract 300,000 tourists per year to Cyprus, create 2,400 new permanent jobs, and contribute approximately €700 million (US$790 million) per year to the Cypriot economy, about 4 percent of the country’s annual GDP.
Two satellite casinos opened in December in the capital of Nicosia and at the Larnaca International Airport. The fourth satellite will be located in Paphos.
