Melco International Confirms Allotment Of Cyprus Casino.
Licenses; Cyprus; Cyprus. Everything you need to know about Cyprus Live Casinos. Online casinos have always found it difficult to ascertain the credibility of the random number generators (RNG). In response to these concerns, online casinos have introduced live casino games to try and win over the sceptics by offering them a real online.
Local gaming operators in Cyrpus are currently prohibited from offering real money online and mobile casino games, but offshore gaming companies can offer their gambling services to Cyprus residents without any repercussions.
That dream has just taken a step closer to reality after the government said on Friday it aims to issue its first-ever license for a casino resort in the south of Cyprus within 12 months.
Cyprus While the rest of Europe had made the natural move towards legalising the majority of forms of gambling, including online gambling, the Cyprus government decided, after decades of unregulated gambling, to go a different way in 2012.
Macau-based casino development firm Melco International Development Ltd has announced that a consortium of which it is a part has been awarded a gaming license to build a casino in the Republic of Cyprus. This is the sole casino that is expected to be developed in the country according to Melco International. In a statement Yiorgos Lakkotrypis Cyprus’ Energy, Commerce, Industry and Tourism.
With one casino license available in the southern half of Cyprus, there has been much interest from companies unknown.Eight companies have shown interest in a formal fashion for the licensing, proposing a bid to be the lone license holder in the country. Friday was the final day of the three month time frame in which companies could express an interest in obtaining the license.
Cambodia-headquartered casino operator NagaCorp Ltd. is still pursuing a casino license in the Republic of Cyprus, people involved in the process told media.