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Cyprus – Bloomberry walks away from Cyprus tender

By - 21 septiembre 2016

Bloomberry Resorts, who operates Solaire in the Philippines, has officially withdrawn from the tender process for a casino licence in Cyprus.

Bloomberry’s Director of investor relations Leo Venezuela confirmed the news without offering any reasons although it is believed to be the difficulty in securing reasonably priced land.

The news leaves Cambodia operator NagaCorp and a consortium including Hard Rock and Melco International, who operates casino in Macau and Russia, in a direct head to head to secure the licence.

Tourism Minister Giorgos Lakkotrypis expressed his disappointment that the tender had not yet been completed. He also suggested that the successful applicant could be allowed to open a temporary casino immediately after the award.

“There is no doubt that it is an ambitious project, especially due to the model that we have chosen, which is the resort casino, unlike the rest of Europe which chose many smaller casinos. So we believe this will give us additional competitive advantages,” he said. “Our intention is before the end of the year to evaluate and award the winning bid.”

Reports last week claimed suggest that only Melco International, Hard Rock and local agricultural company Phassouri, had successfully secured land for the project. It is believed to have secured land in Limassol on the southern coast whilst Nagacorp is considering a Lamarca-based project. Naga Corp will have up to October 5 to submit its final detailed outline for the project. A total of 12 major companies from the USA, Philippines, Cambodia, Russia and France had formally expressed their interest in the Cyprus licence.

El premio es una licencia para operar no solo un Casino Resort Integrado sino hasta cuatro instalaciones de casino satélite, en distritos distintos a aquel donde se ubicará el ICR. Cada uno tendrá licencia para la operación de hasta 50 máquinas de juego por ubicación.

Según el marco, el postor ganador tendrá que construir un complejo holístico e integrado, el primero de su tipo en Europa. Contará con 500 habitaciones de hotel, además de un casino con más de 1,000 máquinas tragamonedas y 100 juegos de mesa. El grupo recibirá una licencia de casino por 30 años con un período de exclusividad de 15 años.

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