According
to local media reports, some 4,000 people would be employed during the
construction phase, and a similar number once all the casinos are operational,
Energy and Tourism Minister Giorgos Lakkotrypis said.
The
coordinating committee expects to complete its due diligence checks in the next
few days and submit its report to the Council of Ministers (Cabinet). After the
contracts have been signed, the National Gaming and Casino Supervision
Commission will issue the consortium with the appropriate operating licenses.
The license
will allow the consortium to operate a casino license for 30 years (as a
monopoly for the first 15), while the group plans to build and operate a luxury
500-room hotel offering up to 1,000 slots as well as 100 table games and four
satellite casinos and three slot-machine parlours. If all goes according to
plan four satellite casinos will open in July 2017, the largest will be in
Nicosia with 50 slot-machines and 5 gaming tables.
The three
slot-machine parlours will open in Paphos, Larnaca and Famagusta districts. The
precise locations for these satellites and parlours have yet to be determined.
The projects are expected to create thousands of jobs with a capital investment
in excess of €500 million.
Source: GMB
/ Cyprus-mail.com
