Melco International Development Chairman and CEO Lawrence Ho believes Asian tourists will form an important part of the customer base at his company’s new Cyprus integrated resort, City of Dreams Mediterranean.
Melco unveiled its plans for the US$650 million resort, due to open in 2021, early last week at a lavish ceremony held at Cyprus’ Presidential Palace.
The joint venture project with local firm Cyprus Phassouri Ltd (CPZ) – of which Melco holds a 75% stake – will be Europe’s biggest integrated casino resort, with 136 gaming tables and 1,200 gaming machines plus a five-star hotel with 500 hotel rooms, 11 restaurants and cafeterias, a wellness center, sports center, extensive pool area, high-end retail area, an outdoor amphitheater and 9,600 square meters of MICE space.
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