Cyprus to have casinos in two years

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At long last Cyprus could eventually see land based casinos in the south of the island within two years, according to new Minister Giorgos Lakkotrypis.

This week the new Minister said in parliament that he already had asked the Cyprus Tourism Organisation to review and update the previous 2007 study on gambling.

Following the new findings the Government will then decide on how to proceed with casinos, whether they be part of a large resort or single standalone entities.

The Minister was asked if this could all happen and the island see casinos within two years Mr Lakkotrypis said “yes, this is what we hope.”

Former President Christofias would not even consider the development of casinos saying several times in his term that, “”there will be no casinos in Cyprus as long as I am President.”

It is known that Cypriots already spend millions on gambling every year, with online gambling and in casinos in the North of Cyprus which is controlled by the Turkish Government.

It is estimated that Greek Cypriots gamble at least six million Euros in Northern Cyprus.

Government estimations on revenues should casinos be allowed in the Greek part of the island has been stated at between thirty five and fifty million Euros per year.

Source: gaming-awards.com

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