Insider Business Geroskipou to host Paphos’ satellite casino

Geroskipou to host Paphos’ satellite casino

Geroskipou is to host the satellite casino of coastal Paphos following the refusal by town mayor Phaedon Phaedonos to approve the site originally selected by the private investors. It is expected to be in operation within 2019.

Informed sources also told Phileleftheros that a warehouse in the tourist area of ​​Geroskipou is the new designated site with the National Gaming and Casino Authority expected to proceed soon with the necessary inspections before giving the green light. In accordance with legislation, the Geroskipou satellite casino will house 50 slot machines – just like those in Larnaca and Famagusta.

At the same time, construction work for City of Dreams Mediterranean – the island’s first integrated casino resort based in coastal Limassol, is set to begin sometime between May and June.  The project, worth over half a billion euros, is to be undertaken by GEK Terna and J&P Avax, a consortium of Greek companies.

Integrated Casino Resorts Cyprus, which is made up of Melco International Developments and CNS consortium, are soon to shake hands with the Greek consortium’s directors, according to informed sources. Specifically, contracts are to be signed in March and construction is expected to begin two to three months later.

In the meantime, foundation works have already been carried out in the area where the grand casino is to be erected. Its doors are to open within 2021, expected to attract an additional 300,000 tourists to Cyprus annually.

Yesterday, the Council of Ministers approved all necessary licences for the operation of the satellite casino in Ayia Napa. The casino will be situated at newly constructed facilities adjacent to Faros Hotel Ayia Napa. Satellite casinos in Larnaca and Nicosia have been in operation since last December. Also in operation since last June is the temporary casino in Zakaki, Limassol.

In addition, Cabinet yesterday also reviewed the composition of the Casino Coordinating Committee with the Deputy Minister of Tourism rather than the Minister of Energy, Finance and Tourism participating.


Read more:


Top Stories

Greek Sakkari was ready to swap racket for track spikes

Greek tennis player Maria Sakkari says she was so desperate for competition during the COVID-19 shutdown that she considered running in the 100m at...

Cypriots used to associate summer holidays with sales

Even though the Mediterranean island has no specific sales period, many Cypriots used to associate summer holidays in other European countries with official sales,...

UK reaffirms “strong support” to Cyprus’ reunification

UK Minister for European Neighbourhood Wendy Morton has reaffirmed her government’s  “strong support" towards the divided Mediterranean island's reunification. In a letter this week to...

Algerian leader secures fugitive officer with Erdogan call

Algeria's president phoned his Turkish counterpart last month to secure the return of a fugitive military official who fled Algeria days after its powerful...

TikTok owners will relocate to London from Beijing

TikTok owner ByteDance will move its headquarters to London from Beijing under a deal approved by British ministers, The Sun newspaper reported. ByteDance’s founders are...


Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...