LIMASSOL, Cyprus, March 08, 2021 (GLOBE NEWSWIRE) — City of Dreams Mediterranean, Cyprus’ first built-in resort (IR) and the largest in Europe and the broader area, is advancing properly in direction of completion. Construction is progressing easily, with the IR being set to open in Summer 2022.
The growth of the mission is now out there for viewing by way of spectacular aerial drone footage produced by City of Dreams Mediterranean. The video gives an summary of the IR’s exterior and environment, reflecting the speedy development of the primary development, together with renderings of the mission upon completion.
Upon completion, the pioneering mission, positioned in Limassol, will grow to be Europe’s largest and premier IR. It will function a sixteen-storey, five-star lodge with greater than 500 luxurious visitor rooms and suites, roughly 10,000 sq. meters of MICE area, an outside amphitheater, a household journey park, and a spread of fine-dining retailers and luxurious retail. Its inside design will likely be based mostly on Melco’s worldwide luxurious requirements, particularly customised for the Cyprus IR, whereas the outside design will function distinct Mediterranean influences.
Mr. Grant Johnson, Property General Manager of City of Dreams Mediterranean and Cyprus Casinos, acknowledged, “Construction work is progressing smoothly and even though the COVID-19 outbreak has impacted our original timeline, we remain committed to this ground-breaking project while staying focused on the delivery of the Melco standard of excellence. We aim to establish a unique destination, offering a premium entertainment experience to our guests while creating real value for the country’s economy and society. City of Dreams Mediterranean is set to enrich Cyprus’ tourism landscape, attracting an additional 300,000 visitors per year to the island. We are, therefore, confident that the project will contribute significantly towards combatting seasonality as well as creating thousands of job opportunities”.
To view and observe progress of the City of Dreams Mediterranean mission, please go to: www.cityofdreamsmed.com.cy/progress.html. Photos of the development web site and additional updates on this transformative vacation spot resort, together with profession alternatives, are posted often.
About Melco Resorts & Entertainment
The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, proprietor and operator of built-in resort amenities in Asia and Europe. The Company presently operates Altira Macau (www.altiramacau.com), an built-in resort lodge positioned at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an built-in city resort positioned in Cotai, Macau. Its enterprise additionally consists of the Mocha Clubs (www.mochaclubs.com), which comprise the most important non-casino based mostly operations of digital gaming machines in Macau. The Company additionally majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed built-in resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company presently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an built-in resort in the Entertainment City advanced in Manila. In Europe, the Company is presently growing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is predicted to be the most important and premier built-in vacation spot resort in Europe. The Company is presently working a brief on line casino, the primary licensed on line casino in the Republic of Cyprus, and is licensed to function 4 satellite tv for pc casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will proceed to function the satellite tv for pc casinos whereas operation of the momentary on line casino will stop. For extra details about the Company, please go to www.melco-resorts.com.
The Company is strongly supported by its single largest shareholder, Melco International Development Limited, an organization listed on the Main Board of The Stock Exchange of Hong Kong Limited and is considerably owned and led by Mr. Lawrence Ho, who’s the Chairman, Executive Director and Chief Executive Officer of the Company.
About The Cyprus Phassouri (Zakaki) Limited
The Cyprus Phassouri (Zakaki) Limited is a member of the CNS Group which, amongst others, conducts completely different companies together with actual property, telecommunications, dairy, giant scale farming and export and mining in Cyprus. For extra details about the CNS Group, please go to www.cns.com.cy.