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Cyprus – Bloomberry walks away from Cyprus tender

By - 21 septembre 2016

Bloomberry Resorts, who operates Solaire in the Philippines, has officially withdrawn from the tender process for a casino licence in Cyprus.

Bloomberry’s Director of investor relations Leo Venezuela confirmed the news without offering any reasons although it is believed to be the difficulty in securing reasonably priced land.

The news leaves Cambodia operator NagaCorp and a consortium including Hard Rock and Melco International, who operates casino in Macau and Russia, in a direct head to head to secure the licence.

Tourism Minister Giorgos Lakkotrypis expressed his disappointment that the tender had not yet been completed. He also suggested that the successful applicant could be allowed to open a temporary casino immediately after the award.

“There is no doubt that it is an ambitious project, especially due to the model that we have chosen, which is the resort casino, unlike the rest of Europe which chose many smaller casinos. So we believe this will give us additional competitive advantages,” he said. “Our intention is before the end of the year to evaluate and award the winning bid.”

Reports last week claimed suggest that only Melco International, Hard Rock and local agricultural company Phassouri, had successfully secured land for the project. It is believed to have secured land in Limassol on the southern coast whilst Nagacorp is considering a Lamarca-based project. Naga Corp will have up to October 5 to submit its final detailed outline for the project. A total of 12 major companies from the USA, Philippines, Cambodia, Russia and France had formally expressed their interest in the Cyprus licence.

Le prix est une licence permettant d'exploiter non seulement un casino intégré, mais aussi jusqu'à quatre casinos satellites, dans des districts autres que celui où l'ICR sera situé. Chacun sera autorisé à exploiter jusqu'à 50 machines de jeu par emplacement.

Dans le cadre de ce cadre, le soumissionnaire retenu devra construire une station balnéaire intégrée et holistique, la première du genre en Europe. Il comprendra 500 chambres d'hôtel, ainsi qu'un casino avec plus de 1,000 100 machines à sous et 30 jeux de table. Le groupe se verra accorder une licence de casino d'une durée de 15 ans avec une période d'exclusivité de XNUMX ans.

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