Melco Resorts Casino To Boost Off Peak Cypriot Tourism

While Cyprus is a famous summer tourist destination, particularly among British, Russian, and Scandinavian visitors, the small Mediterranean island country generally experiences a drop during the winter..

The Government of the Republic of Cyprus developed a devoted ministry previously this year to supervise the tourism industry of the nation. One of the most significant duties before the current Deputy Tourism Ministry of Cyprus is to develop policies to tackle seasonality efficiently and take international visitors to the Mediterranean island nation throughout the year.

Hong Kong-listed gaming and hospitality company Melco Resorts & Entertainment thinks that during the typically less tourism-heavy winter months, Cyprus requires an influx of global tourists.

Melco is permitted by the Cypriot government to construct and run a luxury integrated resort with devoted casino gambling ground through its local subsidiaries. The estate, presently under construction in the City of Limassol, will be the first of its kind in Europe as well as in the Mediterranean Republic.

In a declaration marking last week’s World Tourism Day, an executive at Melco’s Cypriot office said they will be prepared to draw high-value clients from around the world with the launch of City of Dreams Mediterranean in about two years from now.

The luxury embedded casino resort construction kicked off last April. The estate is anticipated to open in early 2021 with, among others, a casino, a hotel with hundreds of apartments and villas, various dining and leisure amenities, and MICE room.

Craig Ballantyne, City of Dreams Mediterranean Property President and Cyprus Casinos, Melco’s Cypriot casino brand, said last week that the hotel is a “ground-breaking project” expected to draw an extra 300,000 tourists annually, thus “having a multiplying effect on the local economy.”

Mr. Ballantyne added that they believe “that the casino, as an alternative form of tourism, will assist in expanding the island’s tourism period thus fighting seasonality and establishing Cyprus as an all-year destination.”

Melco was also permitted to run a chain of satellite casinos around Cyprus, apart from its primary resort in Limassol. Since the end of last year, the firm has introduced three such installations–one in Nicosia, one at Larnaca International Airport, and one in Ayia Napa, a tourist-heavy center. The ultimate satellite casino in Paphos City is scheduled to open doors later this year.

Mr. Ballantyne said last week that they are concentrated on offering “quality jobs and in parallel educate potential personnel through our academy, creating opportunities for career advancement within Melco and even the global entertainment industry.” Melco and its local subsidiaries presently hire 950 individuals at the three satellite operating casinos and the transitional C2 Limassol casino that opens. At present, this temporary center uses about 900 individuals. When operational, City of Dreams Mediterannean is anticipated to create more than 2,000 jobs.