Melco and Hard Rock sign deal to build Europe's largest casino in Cyprus

Cyprus’ Energy, Commerce, Industry and Tourism Minister Yiorgos Lakkotrypis, revealed that the resort will cost more than €500 million to build and will create around 4,000 new jobs during construction. A further 4,000 jobs will be created once the resort is operational. The aim is to attract 300,000 extra tourists to Southern Cyprus annually.

"The project as has been proposed foresees the creation of Europe’s only integrated casino resort. The casino resort will among other things include Europe’s largest casino,” Lakkotrypis said.

Melco stated: "Melco International is very pleased that its vision for the creation of the first casino resort in the Republic of Cyprus corresponds to the government’s aspirations for a world class development that is unique to Europe, a landmark for Cyprus but also the wider region. The company is confident that its solid track record and unique experience in creating the most spectacular integrated resorts in Asia can meaningfully contribute to the economy and tourism of Cyprus.”

Source: GMB