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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.

新立法将允许设立一个拥有老虎机和赌桌游戏的赌场度假村，以及一个拥有最多五张赌桌和三个卫星老虎机场地的小型赌场。塞浦路斯球员将被禁止向有入境限制的球员提供信贷，他们需要在检查税务档案并确认收入证明后获得特别许可证。球员的最低年龄将设定为21岁。

政府补充道：“世界级赌场应包括至少 100 张赌桌和 1,000 台游戏机。如果运营商希望安装超过 200 个赌桌和/或 2,000 台游戏机，则需要获得 CGC 的批准。除了 ICR 之外，运营商还可以选择在 ICR 所在地区以外的地区开发最多四个卫星赌场场所。每家公司都将获得在每个地点运营最多 50 台游戏机的许可。其中一个地点可以行使额外的选择权来运营最多五张游戏桌。就游戏桌和游戏机的限制而言，电子桌面游戏应归类为游戏桌。其他活动和设施没有规定，但应旨在以最能支持政府战略目标的方式制定 ICR 的主张。此类其他设施的示例包括但不限于会议设施、会展设施、付费景点、补充景点、体育设施、体育场馆、娱乐场所、旅游设施、零售和餐饮设施以及娱乐设施。有兴趣的候选人可以根据自己的商业模式以及他们认为最适合塞浦路斯综合赌场度假村目的的设施和景点组合自由提出建议。”