Melco to launch a temporary casino in Cyprus
The company will launch a temporary casino facility in Cyprus later this year.
Cyprus.- Lawrence Ho, chairman of Hong Kong-listed Melco International Development Ltd, has confirmed that the company will launch a temporary casino facility in Cyprus later this year. Earlier this year the company had announced that a main venue would launch in 2021.
“In 2018, we will commence operating a temporary casino facility while we work towards a 2021 targeted opening for the permanent integrated casino resort,” said Lawrence Ho Yau Lung in the annual report of the company filed on Thursday.
“2018 promises to be a year of beginnings. Macau has entered a new phase of growth. Our first integrated resort will achieve its third and final phase. We will break ground in Cyprus, and we hope to secure a gaming license in Japan,” reads the report. “From Macau, the Philippines and around the Asian region to Cyprus, I am also confident that we will continue to diversify our revenue streams and grow with the premium mass consumer base around the world,” said Ho.
