Melco crown not interested in Cyprus casino

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Earlier this week, rumors flew that Melco Crown, along with Bloomberry Resorts and Hard Rock International, are the companies short-listed by the Cyprus government to build that country’s one authorized integrated casino resort.

However, Melco Crown denied the news and a spokesperson told Business Daily that the company has no plan for Cyprus.

Melco Crown has expanded its gaming business outside Macau following the gaming downturn. Last year, the company launched City of Dreams Manila in the Philippines followed by the Tigre de Cristal casino near Vladivostok, Russia via Summit Ascent.

Although Melco is expecting a delay on its bid to run one of the six casinos in the $6b BCN World resort in Barcelona, the company still think that a casino in Spain given its position in Europe is a good bet.

In July, Cyprus have approved a bill that will bring the first casino to the Greek-controlled southern half of the island. When the invitation to submit interest was issued on September 18, media speculated that international giants Las Vegas Sands, MGM and Caesars Entertainment, would bid for the license. Bloomberry Resorts confirmed interest but Genting Malaysia and Sun International withdrew their bids.

 

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