The Republic of Cyprus is betting on big financial rewards from its one and only integrated resort casino.

Cypriot Finance Minister Harris Georgiades recently told Cyprus Weekly that the government expects to reap an annual windfall of €100m in tax revenue once the new Melco International-Hard Rock International joint venture resort casino is operating at full capacity. The property, which has yet to start construction, isn’t expected to open its doors to the public until 2020.

Georgiades said the government’s tax take would be only “half the story,” given the indirect benefits the new resort is expected to bring to the overall economy. Georgiades has full confidence that the project will be a smash hit, given that it will be Europe’s largest such resort “in a country which enjoys the best weather in the continent. To me, it sounds like an excellent business proposition.”

Of course, there’s the small matter of the government actually concluding its deal with the Melco-Hard Rock consortium. Georgiades said the parties were still negotiating some of the fine print but that he expects the final contract to be signed ‘imminently.’