Three short-listed for casino

The three short-listed bidders for the casino resort licence, announced on Tuesday by the government, are Bloomberry Resorts Corporation, Melco - Hard Rock Resort Cyprus Consortium and NagaCorp Ltd.

According to an announcement, the Ministry of Energy, Commerce, Industry and Tourism proceeded with the authorisation procedure for the only casino resort in Cyprus, with the publication on 18 September 2015 of the invitation for bidders.

The three short-listed bidders will now have to submit a final bid. The procedure consisted of two phases. During the first phase, a total of eight candidates which expressed interest were assessed based on the criteria set, which included, the economic displacement, experience in the development and casino resorts operation, understanding of the Cyprus market and their vision for the Cyprus integral resort casino.

The Council of Ministers decision on March 2, ratified the final list of three qualified bidders who will operate a super-casino license and resort, and have gaming permits for up to 1,000 machines, as well as the right to subcontract licenses to satellite operators in other towns.