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Cyprus – Five operators named so far in Cyprus tender

Six major firms from the US, Malaysia, South Africa, Cambodia and France have officially lodged their interest in bidding for the licence to build and operate a casino resort in Cyprus.

Government sources in Cyprus have confirmed that five of the six operators include Genting, Hard Rock, Sun International, NagaCorp and Bouygues from France.

Each of these operators have paid €10,000 in order to bid for the casino licence. The expression of interest period began on September 18 and runs until December 18, 2015. More operators are expected to place their submission with Caesars and MGM resorts both reportedly interested in the multi-site opportunity.

The winning bidder will be announced in 2016 with a two year time scale given to open the resort casino. They will though have the option of opening a temporary casino construction within the year.
The government has instructed that the casino must be developed on privately owned land.

Genting, a Malaysian-born operator with casinos in Malaysia, Singapore, Macau and United Kingdom, is believed to have visited Cyprus to carry out initial due diligence and to establish a local presence. It is soon to open one of the largest casinos in the UK in Birmingham with a project that fits Cyprus’ resort definition. It faces competition from South African operator Sun International which operates Sun City, and Hard Rock which has a recognised international brand already in operation in Hollywood, Tampa Florida, Biloxi, Las Vegas and Punta Cana in the Caribbean. Cambodian operator NagaCorp is the largest hotel, gaming and leisure operator in Cambodia, and has already committed to a large scale project in Russia’s Far East. Bouygues is the lesser known of the bidders so far. It has interests in online operations in France.

Nova zakonodaja bo omogočila eno igralnico z igralnimi avtomati in namiznimi igrami, manjšo igralnico z do petimi mizami in tri satelitske igralne avtomate. Za ciprske igralce, ki bodo morali pridobiti posebno dovoljenje po pregledu njihove davčne datoteke, ki potrjuje dokazilo o dohodku, bo prepoved dovolitve kredita igralcem z omejitvami vstopa. Minimalna starost igralcev bo 21 let.

Vlada je dodala: »Igralnica svetovnega razreda bo vključevala najmanj 100 igralnih miz in 1,000 igralnih avtomatov. Če želi upravljavec namestiti več kot 200 igralnih miz in/ali 2,000 igralnih avtomatov, bo potrebna odobritev CGC. Upravljavec bo imel možnost, da poleg ICR razvije do štiri satelitske prostore igralnic v okrožjih, ki niso tista, kjer bo ICR lociran. Vsak bo imel licenco za delovanje do 50 igralnih avtomatov na lokacijo. Ena od teh lokacij lahko uporabi dodatno možnost upravljanja do petih igralnih miz. Za namene omejitev igralnih miz in igralnih avtomatov se elektronske namizne igre uvrščajo med igralne mize. Druge dejavnosti in objekti niso predpisani, vendar morajo biti namenjeni razvoju predloga ICR na način, ki najbolje podpira strateške cilje vlade. Primeri takšnih drugih objektov vključujejo, vendar niso omejeni na, konferenčne in sejne prostore, kongresne objekte, plačljive atrakcije, dopolnilne atrakcije, športne objekte, športna prizorišča, prizorišča za zabavo, turistične objekte, maloprodajne in restavracijske objekte ter rekreacijske objekte. Zainteresirani kandidati lahko predlagajo takšno mešanico objektov in zanimivosti v skladu s svojim poslovnim modelom in tistim, kar menijo, da je najbolj primerno za namene Ciprus Integrated Casino Resort.”