The Cyprus Casinos "C2" are celebrating their first anniversary in Cyprus and the company chose to look ahead with images and video of the City of Dreams Mediterranean Integrated Casino Resort (ICR), scheduled to open in Limassol in late 2021.
In a press conference on Wednesday, Cyprus Casinos “C2” celebrated its first year of successful operations which commenced with the launch of the C2 Limassol “temporary casino” on 28 June 2018, and the first satellite casinos, C2 Nicosia and C2 Larnaca. Another two satellite casinos are expected to open soon, one in Ayia Napa later in July and one in Paphos in the Geroskipou tourist area, by the end of the year.
Melco Resorts and Entertainment Limited (Melco) one of the world’s largest integrated resort operators, was granted an exclusive 15-year license to operate the first and only authorized casinos in the Republic of Cyprus. The total investment of the licensed company in Cyprus reaches €600 million.
Speaking at the press conference, the Chairman and CEO of Melco Group, Lawrence Ho said he was very happy with the first year of operations in Cyprus, adding that “Cyprus will not only become a destination for premium luxury tourists, but for international investors too.”
Once open, he added, "our ICR, City of Dreams Mediterranean will rewrite the tourism guides to Cyprus and make this beautiful island an internationally recognised year-round destination."
Based on statistics presented by Craig Ballantyne, Property President of Cyprus Casinos “C2” and City of Dreams Mediterranean, more than 800 people are being employed, the vast majority of whom are Cypriot citizens. Casinos “C2” have recorded more than 880,000 visits from various countries with C2 Limassol accounting for approximately 710,000 visits, while C2 Nicosia registered 130,000 visits and C2 Larnaca some 40,000.
The City of Dreams Mediterranean, according to Vice President of Construction at Melco William Cornish, is expected to be completed in 2021 in west Limassol. It will feature a sixteen-story five-star hotel with 500 guest rooms and suites as well as MICE facilities comprising 9,600 sq. meters. The gaming area totals 7,500 sq. meters and will include over 100 tables and 1,000 state-of-the-art gaming machines.