Casino legislation to be introduced to the Parliament in Cyprus
The House of Representatives will vote on a bill that would allow the construction of an integrated casino resort in the Republic of Cyprus.
Cyprus.- Next week, on March 10th, the Cyprus House of Representatives will vote on a bill regarding casino legislation, which is ready to be presented to the Parliament.
The project is not new, as two years ago Cyprus authorities announced their intention to allow the construction of a casino resort in the island’s Southern region. The facility will be similar to the existing ones in the Turkish Republic of Northern Cyprus.
According to Nicos Christodoulides, the government spokesperson, the authorities plan is to issue a casino license valid for 30 years and a 15-year exclusivity agreement for the successful bidder. He also highlighted the benefits the gambling industry could have for the economy of the island.
“This will be one of the most important infrastructure projects in Cyprus in coming years,” concluded Nicos Christodoulides.
