LIMASSOL, Cyprus (CelebrityAccess) Ground has been broken on the $651 million City of Dreams Mediterranean casino resort on the Mediterranean island of Cyprus, and the casino-resort is promised to be the biggest of its kind in Europe.
Cyprus President Nicos Anastasiades said the casino-resort is the biggest investment project ever undertaken in Cyprus and, once its doors open in 2021, will create 6,500 jobs and attract 300,000 visitors to Cyprus annually, according to the Associated Press.
“Our country is much more than just an attractive ‘sun and sea’ tourist destination,” Anastasiades said at a groundbreaking ceremony. “Cyprus has all the prerequisites to be established as a regional and, why not, global premium destination, a genuine point of reference for luxury tourism and responsible gaming.”
The company will include 136 tables, 1,200 gaming machines, a 500-room hotel, 11 restaurants, retail shops and an amphitheater, according to the AP.
Lawrence Ho, CEO of Hong Kong-based Melco International Resorts and Entertainment, said this is the first resort project for the company outside Asia.
“Our project will contribute significantly to the country’s efforts for sustainable economic growth and an increase in employment rates,” he said.