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Cyprus – Bloomberry walks away from Cyprus tender

By - 21 septembrie 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Bloomberry Resorts, who operates Solaire in the Philippines, has officially withdrawn from the tender process for a casino licence in Cyprus.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.

Premiul este o licență pentru a opera nu doar un cazinou integrat, ci și până la patru cazinouri satelit, în alte districte decât cel în care va fi amplasat ICR. Fiecare va avea licență pentru operarea a până la 50 de aparate de jocuri pe locație.

În acest cadru, ofertantul câștigător va trebui să construiască o stațiune integrată holistică, prima de acest fel din Europa. Acesta va avea 500 de camere de hotel, plus un cazinou cu peste 1,000 de sloturi și 100 de jocuri de masă. Grupului i se va acorda o licență de cazinou de 30 de ani, cu o perioadă de exclusivitate de 15 ani.

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