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Construction work on Europe’s first integrated casino resort in Cyprus will commence next month with a groundbreaking ceremony scheduled for June 8, Melco Resorts and Entertainment CEO Lawrence Ho announced Tuesday.In two and a half years, Cyprus will be home to its first casino resort and the largest resort of its kind in Europe.

Hong Kong-based developer Melco International Development announced Wednesday the appointment of casino industry veteran Craig Robertson Ballantyne as President of City of Dreams Mediterranean, the €550-million integrated resort currently under development in the Republic of Cyprus.Ballantyne started his career in the gambling industry in 1972 when he joined UK gambling operator Ladbrokes.

It will primarily target premium mass market customers.It has been a popular practice for Macau’s casino resort operators to partner with junket companies that would refer players to their gaming floors.

The bidding process for Japan’s first integrated resorts will likely begin late next year or even in 2020, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho said in an interview with business media outlet Bloomberg.Melco currently operates integrated resorts in Macau and the Philippines and is betting big on Japan as the next big integrated resort and casino gambling market.

The developers have recently opened the first job positions for people interested to work at the first casino resort in the Republic of Cyprus.The actual resort with the main casino floor is slated to be launched in 2021 in Limassol’s Zakaki area.

The Integrated Resorts Cyprus Consortium (IRCC) launched on Monday the official website of City of Dreams Mediterranean, the €550-million casino resort currently under development in the Republic of Cyprus.The website contains information about the project and future job opportunities as well as a section dedicated to the vibrant Mediterranean nation that will be home to the resort.

Hong Kong-based real estate developer Melco International Development, which was selected to build the first casino resort in the Republic of Cyprus, presented plans for its ambitious project to the President of the Mediterranean island nation, Nicos Anastasiades.on the construction of a €500-million hotel and casino complex in the city of Limassol.
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