Cyprus capital vies for first casino in country

Cyprus Mail – NICOSIA yesterday launched its big push to secure the licence for the island’s first-ever casino resort, and like each of the other main districts, says the capital is the only location that makes the most business sense. The Nicosia Chamber of Commerce (EVEL) yesterday met with the city’s brass and other players to exchange views on how to boost tourism where it was decided to set up a steering committee to actively pursue the licence. Mayor Constantinos Yiorkadjis and his predecessors were also at the meeting, which was held at the Cyprus Chamber of Commerce and Industry…

Cyprus moves forward with casino legislation

Cyprus Mail – Casino licenses should be expected by Spring 2015, the government said on Thursday, as legislation on the matter was scheduled to be ready at the end of the month. “We have completed the policy document and legislation is being prepared at this moment to be submitted to parliament by the end of May,” Tourism Minister Giorgos Lakkotrypis said. He added that the government expected to issue the licences eight months after the law was passed, through open tender procedures. Chairman of the House Trade Committee, ruling DISY MP, Lefteris Christoforou voiced his satisfaction over the development, which…