ECONOMY

Nicosia short-lists three casino resort bidders

nicosia-short-lists-three-casino-resort-bidders

Cyprus on Tuesday short-listed three bidders to construct and operate the first-ever casino resort in the internationally recognized south of the Mediterranean island.

The preferred bidders for the large complex are Nagacorp of Cambodia, Philippines-based Bloomberry Resorts Corp, and the Melco – Hard Rock Resort Cyprus Consortium.

The trio, chosen from eight initial bidders, will now enter a second round where a “complete proposal” is to be submitted, said the Interior Ministry.

The winning bidder for the 30-year license will choose where to build a super-casino.

The ministry said the three were chosen for their experience in building and operating resort casinos and understanding of the Cypriot market.

“The ministry expresses its satisfaction with the level of interest demonstrated and looks forward to a successful completion of the process, as provided by law,” it said in a statement.

[AFP]