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First Casino Resort Project in Cyprus Still Going Smoothly amidst Hard Rock Exit

Tags: Christos Mavrellis, Cyprus, Hard Rock, Lawrence Ho
Posted on Monday, November 27, 2017 by "T".
Even though Hard Rock International has withdrawn from the €500-million plan for the construction of the very first casino resort ever in the Republic of Cyprus, their exit has not made any significant dent/problem on the progress of the project, and in fact things are going smoothly, a local gambling regulator has said. President of the Cypriot National Gaming Commission Christos Mavrelli[...]   Read more » First Casino Resort Project in Cyprus Still Going Smoothly amidst Hard Rock Exit

  27-Nov-17, 14:00   #1
First Casino Resort Project in Cyprus Still Going Smoothly amidst Hard Rock Exit 0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 59 (M)
Posts: 923
Yes it is going to be so big project and as they say the biggest casino complex in Europe, so a lot of jobs created and a lot of tourists to go to Cyprus and visit this casimo and the island too. I luje to see such big investment and I hope to see more in future in Europe maybe even in my country

     
  27-Nov-17, 17:43   #2
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 9806
woohoo 500 million of euros pumped into one grand casino project, have to admit that this is quite a fascinating amount of cash. kinda one can leave its head scratching at the fact that its gamblers in the end who will be paying for the project from their own pockets...

     
  27-Nov-17, 19:28   #3
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 903
I wonder if these people will be able to recover the investment and to make profit. I say no. Cyprus is not America and the city where this casino will be built is not las vegas nevada. I think they will recover the investment over 30 years. There are retributions for workers and taxes is not that easy. However is very bizarre.

     
  27-Nov-17, 19:42   #4
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 4095
Cyprus is an interesting place ... it's warm and the sea around .... of course it seems to me that the future of the casino on this island will attract a lot of players from all over the world ..... I wish luck to the organizers of this casino .... it seems to me that you are doing right business

     
  27-Nov-17, 21:47   #5
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11735
A big investment there with all that money put on the ground,
but they will make it back.
Their tourism is going very well, all year, so it wont be a problem.
It may take a bit longer, but they will get there.

     
  28-Nov-17, 09:21   #6
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6512
This looks like it is going to be a massive undertaking and i cant wait to see the finished article. I have been to Cyprus many times over the years and it is a very beautiful place

     
  28-Nov-17, 15:14   #7
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4990
didnt know that cyprus as touristic country dont have any casino resort!its great business in every country that have sea and sun!especially when you have rich guests!this would be great if they finish job and build this resort!

     
  28-Nov-17, 18:53   #8
  0 
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 46 (M)
Posts: 2151
Cyprus was a good location for a casino resort in my opinion like Malta etc. On the little island
they have a lot tourists and so guest for the casino. And Cyprus was not so far away from Europe, so it was a nice combination of Casino and Holiday Blink

     
  28-Nov-17, 19:50   #9
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 45 (M)
Posts: 4095
I myself was not in Cyprus but my sister was there ... she told me about this place as amazing and memorable ..... and if the casino is opened soon, it will be a wonderful combination of an attractive gaming house and a beautiful place. ... I hope to go there and see everything

     
  28-Nov-17, 20:35   #10
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 903
Posted by pajalnick:
I myself was not in Cyprus but my sister was there ... she told me about this place as amazing and memorable ..... and if the casino is opened soon, it will be a wonderful combination of an attractive gaming house and a beautiful place. ... I hope to go there and see everything


At the end of October and early November, Cyprus is an excellent solution for a great holiday. I chose Ayia Napa, a kind of Eastern Ibiza, full of clubs, pubs and a thirsty nightlife. In the off-season, things look a bit different, but the change is fine. Benefits? Numerous.

     
  28-Nov-17, 22:07   #11
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11735
While they get tourist all year around and mostly from UK,
summer is their busiest time. They have great beaches and night life.
They get a very nice income.
That is why they chose to do such an investment there, which looks huge.

     
  29-Nov-17, 15:40   #12
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4990
I always wanted to go in cyprus,,but every time was something not to come there!even lot of cheap flights from belgrade to larnaca I can get,but didnt take that chance!if they open this resort,maybe I will be faster in this decision!

     
  29-Nov-17, 20:56   #13
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 38 (M)
Posts: 903
Posted by doubletop777:
This looks like it is going to be a massive undertaking and i cant wait to see the finished article. I have been to Cyprus many times over the years and it is a very beautiful place


To such a large investment will certainly have interesting games in that casino. 500 milllions of dollars is a very large amount. Investors will do many things to recover this investment. From my point of view if i were a billionaire, I did not invest so much money in a casino. Making an investment with that money in a private hospital. A great idea.

     
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