Melco awarded at the 8th Invest Cyprus International Investment Awards in recognition of its commitment to Cyprus
July 12 2019 - 12:17AM
The 8th Invest Cyprus International Investment Awards (ICIIA)
organized by Invest Cyprus presented an award to Melco in
recognition of its significant investment in Cyprus. Melco is
developing Cyprus’ first licensed Integrated Casino Resort (ICR),
City of Dreams Mediterranean, due to open its doors to
international and local guests in late 2021.
The ICIIA award was accepted by Melco Group
Chairman and CEO, Mr Lawrence Ho, who thanked the Government of
Cyprus for trusting his organisation with the creation and
operation of what will be Europe’s largest ICR. Speaking after
being presented with the award by the Minister of Finance, Mr.
Harris Georgiades, Mr Ho said: “It’s a great honour to receive this
award on behalf of the entire team at Melco. Cyprus has tremendous
economic potential and is now firmly on the radar of international
investors. The country’s beauty, ideal geographical location, and
Government’s progressive approach towards regulation and
governance, means that it’s perfectly placed to attract significant
inbound investment of the highest calibre.”
Mr Ho also noted that: “Today marks the first
anniversary of us opening our Cyprus C2 Casinos, and we have
already seen a huge surge of interest in the island as a premium
tourism destination. The opening of City of Dreams Mediterranean
will have a huge positive impact on the nation’s economy,
attracting tens of thousands of luxury tourists, creating hundreds
of new jobs, and tackling the tough issue of seasonality head
on.”
Chairman of the Board of Directors of Invest
Cyprus, Michalis P. Michael said: “Melco’s commitment to Cyprus is
particularly valued and recognized, both by the government, and the
island’s community. The decision by Melco to build Europe’s
largest Integrated Casino Resort here sends a strong message around
the world about the long term potential for this nation. This
premium development will significantly boost Cyprus’ overall
economy, whilst at the same time enhancing our tourist product in
the most sustainable, long-term manner. Melco are pioneers in
their industry, and this is evident in their support for the
communities into which they invest. Melco is partnering with
our Department of Antiquities to support national Archaeological
Heritage Management, as they see the preservation and promotion of
Cyprus’ cultural heritage as a key element to their investment in
tourism here.”
Melco Group is a world leader in the
international luxury leisure and entertainment sector with
operations in Hong Kong, Macau, the Philippines, Australia and the
United Kingdom. Melco is part of the consortium “Integrated Casino
Resort Cyprus Ltd” (ICR Cyprus) along with “The Cyprus Phassouri
(Zakaki) Limited”, a member of the CNS Group. The Consortium is
responsible for the construction and operation of the integrated
casino-resort in Cyprus as well as four satellite casinos across
the island.
The prestigious Awards, organised by Invest
Cyprus and Gold magazine, reward foreign investment in Cyprus, by
honoring international investors and businesses in recognition of
their substantial contribution to the Cyprus economy. This year,
the 8th Invest Cyprus International Investment Awards, which were
held under the auspices of the President of the Republic of Cyprus,
Mr Nicos Anastasiades, took place at the Presidential Palace on 3
July 2019.
About Melco Resorts & Entertainment
Limited
The Company, with its American depositary shares
listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a
developer, owner and operator of casino gaming and entertainment
casino resort facilities in Asia. The Company currently operates
Altira Macau (www.altiramacau.com), a casino hotel located at
Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an
integrated urban casino 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 entertainment, retail and gaming
resort in Cotai, Macau. In the Philippines, a Philippine subsidiary
of the Company currently operates and manages City of Dreams Manila
(https://www.cityofdreamsmanila.com/), a casino, hotel, retail and
entertainment integrated resort in the Entertainment City complex
in Manila. The Company holds equity interests in Crown Resorts
Limited, a company listed on the Australian Securities Exchange and
which operates two of Australia’s leading integrated resorts, Crown
Melbourne Entertainment Complex and Crown Perth Entertainment
Complex. In the UK, Crown operates Crown Aspinalls, a high-end
licensed casino in London. Crown’s development projects include the
Crown Sydney Hotel Resort at Barangaroo on Sydney Harbour. Crown
also holds equity interests in the Aspers Group and Nobu and has
interests in various digital businesses. 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.
For media enquiries, please contact:Chimmy
LeungExecutive Director, Corporate CommunicationsTel: +852 3151
3765Email: chimmyleung@melco-resorts.com
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