Once more, Cyprus proves nothing less than a paradise of opportunities for investors, since Limassol was selected among a number of cities to host the only Casino in the Republic of Cyprus, as well as the largest across Europe!
The country’s first integrated casino will be opening its doors to the public by 2021.This vast, multi-million project will surely further enhance the region and rapidly boost Cyprus’s economic growth.
The Project’s Impact on the Country’s Economy
The numbers and interesting facts about the project are impressive and will cast some light on its immense significance for both the local and state economy:
- It will house 1,200 fruit machines and around 135 gaming tables
- Its integrated Wellness centre and sports facilities will cover an area of 4,000 square meters!
- Its 9,000 square meters conference hall will be Europe’s grandest facility of the sort, capable of hosting more than 1,500 people!
- The complex will include 4 satellite casinos, namely in Larnaca, Famagusta, Nicosia and Paphos.
- A 5-star hotel with 500 rooms will accommodate the guests, in an ambience of unadulterated luxury.
- The casino’s license will be valid for 30 years.
Undoubtedly, this will be by far the most grandiose infrastructure project Cyprus has seen in the last 20 years, boosting the island’s economy to unprecedented heights, in times when several European countries struggle to recover from the financial recess.
To be exact, the casino resort and all its integrated facilities and premises will create at least 4,000 additional jobs and attract approximately 300,000 more tourists per year, not to mention VIP players from all around the world, since the ideal geographical position of Cyprus (right between the three continents of Europe, Asia and Africa) makes it easily accessible.
In addition, its excellent climate throughout the year, along with its luxurious accommodations, local culture, Mediterranean food, rich history, contribute to the influx of quality tourism seeking the ideal all round destination for their annual holidays.
That said, the leading target group is expected to originate from the surrounding region. According to some estimation, Cyprus’ economy will be fueled by some 600 million Euros annualy, just from the casino. That is why the whole venture has gained the government’s full support.
The name chosen for the largest Casino in Europe sounds rather fitting: “City of Dreams – Mediterranean!” The grand opening is scheduled during 2021, but there will be a temporary casino in Limassol, ready to operate within 2018, along with the 4 aforementioned satellite casinos, which will probably open their gates by June 2018.
Contact us for more information and learn how Limassol can become the ideal destination for much more than your next summer holidays – a place to live, a place to invest.