Why This Company Is Betting on Tourists Flying to Cyprus From Around the World
- Melco and local partner to operate Cyprus’s first-ever casino
- Cyprus market has big growth potential, Melco CEO Ho says
Photographer: Florian Choblet/AFP via Getty Images
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The Hong Kong-based investor building Europe’s largest integrated casino resort in Cyprus wants to attract high-end customers from the neighboring Middle East to the island nation and target visitors from Russia, Britain and Asia.
Lawrence Ho, billionaire owner and chief executive officer of Melco Resorts & Entertainment Ltd, will operate what will be called the ‘City of Dreams Mediterranean’ in Limassol on the island’s south coast, aiming to capitalize on the company’s ‘City of Dreams’ casino resort brand in Macau and Manila.