Cyprus seeks an all-encompassing resort development
In a recent announcement, George Lakkotrypis, the Tourism Minister of Cyprus, revealed the government's plans to establish an integrated casino resort. The primary goal of this project is to attract tourists and boost the national economy.
The proposed resort, named 'City of Dreams Mediterranean', is expected to contribute significantly to the growth of Cyprus' economy. It will encompass a range of amenities, including hotels, restaurants, shops, and themed parks, in addition to the casino.
According to Minister Lakkotrypis, the integrated resort is an additional measure taken by the government to enhance the quality of tourist services. He emphasised that the only way to maintain a balance between casinos and national economic growth is through an integrated resort.
The casino resort is a key part of the government's strategy to attract more tourists to Cyprus. Minister Lakkotrypis stated that the resort is aimed at boosting national economic growth. He did not specify the location of the proposed integrated casino resort, but mentioned that it will be developed globally.
The government expects to generate high revenue from gambling taxes from the casino resort. The planned license to develop the resort is expected to be awarded in 2023. The government of Cyprus believes that creating an integrated resort is the only option to achieve this goal.
Minister Lakkotrypis also highlighted that the integrated casino resort is intended to enhance the quality of tourist services. He added that the only option is creating an integrated resort, as it will provide significant growth in Cyprus' tourism industry.
In conclusion, the government of Cyprus is moving forward with plans to establish an integrated casino resort. The 'City of Dreams Mediterranean' is expected to attract tourists and boost the national economy, while providing a range of amenities for visitors. The license for the development of the resort is expected to be awarded in 2023.
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