City of Dreams Mediterranean advances to open in Summer 2022
March 08 2021 - 11:48PM
City of Dreams Mediterranean, Cyprus’ first integrated resort (IR)
and the biggest in Europe and the wider region, is advancing well
towards completion. Construction is progressing smoothly, with the
IR being set to open in Summer 2022.
The development of the project is now available
for viewing through impressive aerial drone footage produced by
City of Dreams Mediterranean. The video offers an overview of the
IR’s exterior and surroundings, reflecting the rapid advancement of
the main construction, along with renderings of the project upon
completion.
https://youtu.be/0osDljE6HsM
Upon completion, the pioneering project, located
in Limassol, will become Europe’s largest and premier IR. It will
feature a sixteen-storey, five-star hotel with more than 500 luxury
guest rooms and suites, approximately 10,000 square meters of MICE
space, an outdoor amphitheater, a family adventure park, and a
variety of fine-dining outlets and luxury retail. Its interior
design will be based on Melco’s international luxury standards,
specifically customised for the Cyprus IR, while the exterior
design will feature distinct Mediterranean influences.
Mr. Grant Johnson, Property General
Manager of City of Dreams Mediterranean and Cyprus
Casinos, stated, “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 track progress of the City of Dreams
Mediterranean project, please visit:
www.cityofdreamsmed.com.cy/progress.html. Photos of the
construction site and further updates on this transformative
destination resort, including career opportunities, are posted
regularly.
About Melco Resorts & Entertainment
The Company, with its American depositary shares
listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a
developer, owner and operator of integrated resort facilities in
Asia and Europe. The Company currently operates Altira Macau
(www.altiramacau.com), an integrated resort hotel located at Taipa,
Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated
urban resort located in Cotai, Macau. Its business also includes
the Mocha Clubs (www.mochaclubs.com), which comprise the largest
non-casino based operations of electronic gaming machines in Macau.
The Company also majority owns and operates Studio City
(www.studiocity-macau.com), a cinematically-themed integrated
resort in Cotai, Macau. In the Philippines, a Philippine subsidiary
of the Company currently operates and manages City of Dreams Manila
(www.cityofdreamsmanila.com), an integrated resort in the
Entertainment City complex in Manila. In Europe, the Company is
currently developing City of Dreams Mediterranean
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
expected to be the largest and premier integrated destination
resort in Europe. The Company is currently operating a temporary
casino, the first authorized casino in the Republic of Cyprus, and
is licensed to operate four satellite casinos (“Cyprus Casinos”).
Upon the opening of City of Dreams Mediterranean, the Company will
continue to operate the satellite casinos while operation of the
temporary casino will cease. For more information about the
Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single
largest shareholder, Melco International Development Limited, a
company listed on the Main Board of The Stock Exchange of Hong Kong
Limited and is substantially owned and led by Mr. Lawrence Ho, who
is the Chairman, Executive Director and Chief Executive Officer of
the Company.
About The Cyprus Phassouri (Zakaki)
LimitedThe Cyprus Phassouri (Zakaki) Limited is a member
of the CNS Group which, amongst others, conducts different
businesses including real estate, telecommunications, dairy, large
scale farming and export and mining in Cyprus. For more information
about the CNS Group, please visit www.cns.com.cy.
Media inquiries:
Chimmy LeungExecutive Director, Corporate
CommunicationsMelco Resorts & EntertainmentEmail:
chimmyleung@melco-resorts.com |
Stelios MarathovouniotisCommunication
ConsultantGNORA Communication ConsultantsEmail:
smarathovouniotis@gnora.com |
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/c292f8ba-de9e-43e3-883d-5ca6868bae54
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