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Cyprus Cabinet votes on the first casino license in Cyprus.

The Cyprus Cabinet yesterday voted posively that it would issue one licence for an integrated casino resort.

the decision comes in an attempt to diversify tourism and attract foreign investment in Cyprus


“If we all agree that the primary goal of establishing a casino here is to enhance the quality of tourist services and attract an incremental number of tourists, the only option was an integrated resort,” Tourism Minister George Lakkotrypis told The Cyprus Daily.


“This is the type of casino that will help Cyprus stand apart from the rest of Europe,” he told The Cyprus Daily.


Procedures will be fast tracked, with authorities aiming to issue a licence within the next 12 months.


"The economy needs it," said government spokesman Christos Stylianides.

 
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