Construction starts on Cyprus first Casino

Added On June 11, 2018

The construction of the first integrated casino resort in Cyprus has started.
The casino resort, to be built amid citrus orchards in the Zakaki flatland west of Limassol and overlooking the blew Mediterranean, will be the largest of its kind in Europe.
On Friday, Cypriot President Nicos Anastasiades laid the foundation stone for the first integrated casino resort City of Dreams Mediterranean.
Anastasiades said the casino was an ambitious project and assured that the "benefits for the country certainly outnumber any negative consequences."
An economic impact study prepared by a firm of auditors said the impact to Cyprus' economy after the second year of the casino's operation will reach approximately 700 million euros per year, around four percent of the country's annual GDP.
It will also provide 4,000 jobs to the crisis-stricken eastern Mediterranean island, and peripheral operations are expected to provide a total of 11,000 jobs.
The casino resort will boast a 500-room luxury hotel, 11 restaurants and cafeterias, a retail area, a wellness center and a sports center.