{"id":28617,"date":"2022-04-01T07:14:31","date_gmt":"2022-04-01T10:14:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28617"},"modified":"2026-04-23T09:59:08","modified_gmt":"2026-04-23T12:59:08","slug":"sanctions-on-russia-could-affect-melco-cyprus","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sanctions-on-russia-could-affect-melco-cyprus","title":{"rendered":"Sanctions on Russia could affect Melco Cyprus"},"content":{"rendered":"\n<p>Sanctions could affect the launch of the City of Dreams Mediterranean integrated resort.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cyprus.-\u00a0Melco\u00a0has warned that international financial sanctions against Russia due to its invasion of Ukraine could adversely affect its plans for Melco Cyprus. According to the company, the sanctions could affect operations in Cyprus, where historically a significant number of tourists come from Russia.<\/p>\n\n\n\n<p>Melco Cyprus is\u00a0a joint venture between Melco Resorts and Cyprus-based conglomerate Cyprus Phassouri (Zakaki) Ltd. The partnership has an exclusive jurisdictional licence for <strong>30 years<\/strong>.\u00a0The City of Dreams Mediterranean integrated resort is<strong>\u00a0expected to open in the second half of the year.\u00a0<\/strong><\/p>\n\n\n\n<p>Melco hopes to create an estimated 4,000 local job opportunities and approximately 2,500 permanent jobs. Last November, the company announced it was going to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-cyprus-to-more-than-double-staff-for-launch-of-mediterranean-ir\" target=\"_blank\">increase its staff<\/a>\u00a0by almost 260 per cent as a result of the development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sanctions could affect the launch of the City of Dreams Mediterranean integrated resort.<\/p>\n","protected":false},"author":176,"featured_media":25856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco has issued a warning that international financial sanctions against Russia, stemming from the Ukraine conflict, could adversely impact the launch and operational viability of its City of Dreams Mediterranean integrated resort in Cyprus. The primary concern is the anticipated reduction in tourist arrivals from Russia, historically a significant market for the Cypriot tourism sector, which could affect the resort's projected revenue streams and job creation targets.","focusai_entities":"Melco, Melco Cyprus, Cyprus Phassouri (Zakaki) Ltd, City of Dreams Mediterranean","focusai_location":"Cyprus, Russia, Ukraine","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Melco's Contingency Plans?","query":"What specific contingency measures is Melco implementing to mitigate the projected revenue impact from reduced Russian tourism and ensure the City of Dreams Mediterranean's H2 launch remains viable?"},{"label":"Regulatory Framework Impact?","query":"How might the Cypriot regulatory body and government adjust governance frameworks or provide support to major licensed operators facing significant geopolitical market disruptions?"}],"footnotes":""},"categories":[28,16331],"tags":[665],"class_list":["post-28617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-elsewhere-news","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28617"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28617\/revisions"}],"predecessor-version":[{"id":28621,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28617\/revisions\/28621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}