In late April, the international consortium Melco-Hard Rock Resort intends to sign a multi-million dollar contract with the government of the Republic of Cyprus for the construction of a resort in Limassol with gambling tables and automatic devices. The Cypriot authorities decided to issue only one license to open a casino for a period of 15 years. If the project is successful, the consortium will have the right to extend the contract for another 15 years. The opening of the casino-resort – the first in Europe – is scheduled for the beginning of 2020, it is also planned to provide thousands of jobs in the gaming industry in Cyprus. Kurot will be located in the New Port of Limassol, Lady’s Mile Beach and the My Mall.
The consortium received the right to build a luxury hotel for at least 500 rooms, as well as the installation of 1000 gaming devices and 100 gambling tables.
Investments in the project will amount to about 650 million euros.
About 4000 people will be involved in the construction phase. As many as will work in the resort after it is put into operation.
According to the forecasts of the Ministry of Energy, Trade, Industry and Tourism of the Republic of Cyprus, the casino will help attract about 500 thousand foreign tourists a year to the island of Aphrodite.