According to one report released by Inside Asian Gaming, the Melco International Development Limited Company based in Hong Kong used one of its official press releases to share more details about the renewing construction work on its City of Dreams Mediterranean venue. In this press release, the company’s officials said that the construction re-start will be carried out under a very strict collection of guidelines that were previously issued by the Department of Labor Inspection and Ministry of Labor for this island nation.

Alongside these guidelines, Melco International Development Limited will also have to follow a collection of safety and protection guidelines issued by the island nation’s Medical and Public Health Services under the nation’s Ministry of Health. The company will also be implementing a series of other public health protection measures and actions that will require all construction workers and other employees to wear protective gear including gloves and facemasks.

Additional Protective Measures to be Taken

According to officials at Melco International Development Limited, the company will take additional measures to protect its employees. Those who are working on the $548 million-worth casino gambling venue will wear protective gear while they will be required to undergo temperature checks daily and submit their internal health declarations. The company also detailed that all of its crowded offices, as well as other shared space, will be cleaned multiple times daily while all employees will be provided with hand sanitizes located at the construction site’s gates.

As reported by Inside Asian gaming, the highly prominent Melco International Development Limited company at the beginning had hoped to be able to officially open its City of Dreams Mediterranean venue packed with five hundred rooms by the end of 2021. However, according to some of its latest public releases and according to the company’s Vice-President Mr. Cornish, the ongoing coronavirus pandemic has affected the company’s original timeline planned for the City of Dreams Mediterranean.

Melco International Development Limited Committed to Its Cyprus Project

While the company’s initial timeline for its City of Dreams Mediterranean venue has been negatively affected by the ongoing coronavirus pandemic, Melco International Development Limited remains one hundred percent committed to this project. As stated by the company’s Vice-President several days ago, the main company’s goal related to its Cyprus project is to deliver an excellent, premium casino gaming experience to every visitor as well as to offer the highest quality service while at the same time ensuring the safest environment to all visitors and guests.

He also added that Melco International Development Limited is well aware of its role in the tourism growth in Cyprus especially during these difficult, rather challenging times of uncertainty. All in all, the company remains committed to its project which will doubtlessly provide a greatly positive impact for the entire island nation’s society. The company already operated a number of satellite gambling friendly-facilities in Paphos, Ayia Napa, Larnaca, and Nicosia which will probably re-open on the 14^th of July.

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Official Statement

Lawrence Ho, Melco’s chairman elaborated that because of their previous experience, he has full confidence in Avax – Terna to complete the project with professionalism and deliver the biggest casino resort in Europe.

Avax was founded in 1985 but in 1994 the company went public on the Athens Stock Exchange. Terna is a construction branch of GEK Terna Group which was established in 1972 and went public in 1994. At the moment, each company has operations in the Mediterranean island nation of Cyprus.

Avax Chairman Christos Joannou conveyed that this project is such an honor for them and it will change everything. He further explained about the resort being a drastic shift for Cyprus as well as Europe when it comes to gambling, entertainment and tourism.

Plans for the City of Dreams Mediterranean include 91.4 acres of land close to Limassol. The total sum for building the project is approximately set at $617 million. If everything goes as planned, there will more than 1000 slot machines, 100 gaming tables, a 16-story hotel tower in pyramid style with 500 rooms and other commodities which will make CODM one of the largest resorts of its type in the region and beyond.

New Opportunities for the Cypriot Economy

The construction process is estimated to create about 4000 job opportunities and 2400 positions when the resort officially opens which is clearly a great thing for Cyprus as it is likely that the majority of employees in the resort will be locals.

Some projections have been made on how the resort will affect the Cypriot economy. Furthermore, Melco has given predictions that with their new facilities, the total island economy will be improved with more than $750 million per year. This staggering amount is 4% of the annual gross domestic product of the nation though, it hasn’t been confirmed the figures are a result of thorough research or if they are just general figures.

In July 2017, 30-years license was granted by the Cyprus government to a consortium which Melco is a part of. The consortium has plans, concerning other venues, not just the City of Dreams Mediterranean. In fact, their plan for the island is to have four satellite venues. At the moment, there are two; one is at Larnaca International Airport and the other, in Nicosia. The other two venues, located in Paphos and Ayia Napa, should be finalized by the end of the year.

The latest info from Cyprus Gaming and Casino Supervision Commission revealed that during first months in business, a temporary casino in Limassol and two satellites have attracted 470,000 customers. They also added that gamblers placed bets, reaching more than €210 million with a return of €175 million.

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