According to Cypriot media reports, gambling operator Melco has postponed the opening of its first resort complex with the City of Dreams Mediterranean casino outside Asia for several months. The establishment was expected to open its doors in the summer of 2021, but it became known that the opening date was pushed back to the end of 2021.
The legalization of gambling in Cyprus was part of a recent reorganization of the local gambling market. Following a tender, in 2017, the government of the Mediterranean country granted a gambling license to the Hong Kong gambling and entertainment giant Melco Resorts & Entertainment and its Cypriot partner Cyprus Phassouri (Zakaki), a member of the CNS group.
Under the terms of the license, Melco was allowed to build a main resort with casinos in Limassol and four satellite casinos in:
- Ayia Napa;
Construction work at the main resort began last month after Melco identified a joint venture between Greek construction companies GEK Terna and J&P Avax as the preferred contractor. As mentioned above, the construction of the resort is planned to be completed by mid-2021. The launch of the establishment may be delayed until the end of 2021.
Increase in the number of employees
In an official statement yesterday, Melco said it was expanding the number of jobs in Cyprus and hoped to fill vacancies at a temporary casino in Limassol and satellite gambling establishments in Nicosia and Ayia Napa. Last June, the company launched a temporary facility in Limassol that will operate until the main resort is reopened.
Satellite casinos opened in Nicosia and Larnaca last December, and Ayia Napa in July. Melco has announced that it is looking for seven slot administrators for casinos in Ayia Napa, as well as four slot operators and seven trainee dealers for establishments in Nicosia and Limassol.
All successful trainee candidates will join the free three-month training program, and the slot machine staff will join the two-month training program. They will be formally recruited by Melco on Tuesday, the company said.
Commenting on job creation, Vice President Human Resources at Melco Cyprus Victoria Michaelidou said:
The company offers excellent career opportunities and a competitive payroll and benefit package.
The City of Dreams Mediterranean is projected to create 4,000 jobs during construction and 2,400 permanent jobs when the facility is fully operational.
City of Dreams Mediterranean will be Melco’s first gambling establishment outside of Asia, where it operates luxury resorts in Macau and the Philippines and plans to expand in Japan. City of Dreams Mediterranean will have:
- casino with many video slots and gaming tables;
- luxury hotel with suites and villas;
- MICE equipment;
- retail space;
- restaurants and bars;
- entertainment establishments.
Melco plans to invest over 550 million euros in the resort.