Cyprus believes Melco casinos will be a tourist magnet

Cyprus is betting on casinos to boost the nation’s tourism. Casino News Daily reports that Savvas Perdios, the first minister for tourism of the Mediterranean island country, gave remarks on the importance of Melco Resorts & Entertainment’s upcoming casino there.

The minister met with Melco’s CEO Lawrence Ho on January 24. After the meeting, Perdios commented that Melco is “an important contributor” to tourism for the country, and would confirm them as a “popular and must-visit destination.”

Melco’s CEO was similarly complimentary. He said of the country, “[Cyprus] has all the prerequisites to enhance its reputation as a regional and global premium destination.” He believes it will “emerge as a genuine point of reference for luxury tourism and responsible gaming.”

Cyprus’ only casino license was granted to Melco, in partnership with Cyprus Phassouri in 2016. The license grants them a main resort in Limassol, the second largest city in Cyprus and a tourist draw in its own right, and four satellite casinos around the island.