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First IR in Europe, City of Dreams Mediterranean, inaugurated in Cyprus

Shirley Pulis Xerxen July 12, 2023
First IR in Europe, City of Dreams Mediterranean, inaugurated in Cyprus

The City of Dreams Mediterranean, the first Integrated Resort in Europe on the Mediterranean island of Cyprus in Limassol was officially inaugurated on July 11. The timing of the inauguration is impeccable as, in mere weeks, the venue will play host to SiGMA’s Balkans & CIS regional summit this September.

The Integrated Resort was developed by Melco Resorts & Entertainment Ltd, developer, owner and operator of integrated resort facilities in Asia and now Europe. ?Speaking at the official opening, Lawrence Ho, Melco’s CEO says the resort is a “game-changer” for the tourism industry in Cyprus. It has the potential to make Cyprus an all-year-round destination.

“Having a resort of this quality… opens multiple new possibilities,” the Melco Resorts and Entertainment CEO added. The hotel was completed at a cost of more than €637 million euros, and currently employs over 2,000 staff. It offers luxury hospitality with 500 guest rooms and suites over 14 floors. Add to this designer-brand shopping, renowned art, sporting facilities, outdoor amphitheatre, family adventure park, world-class conference and expo facilities, fine dining and a spacious and contemporary gaming experience including a casino. The gaming space measures 7,500 sq metres including 100 tables and 1,000 slot machines.

With sustainability as one of its core values, City of Dreams Mediterranean is the first development in Cyprus to achieve a BREEAM Excellent rating for its sustainability strategy at its design stage.

 

Lawrence Ho, CEO Melco
Lawrence Ho, Chairman and CEO of Melco Resorts and Entertainment.

“First impressions are powerful and lasting. We came for a wedding and loved it.”, Lawrence Ho, speaking at the opening about how Cyprus was chosen as the first property Melco has opened outside of Asia.

SiGMA Balkans & CIS is coming to the City of Dreams, Limassol this 04-07 September!

Join us in Limassol and be among the first to experience the City of Dreams Mediterranean. Find out more here about the regional summit in Limassol. Check out the stellar list of speakers already confirmed to speak at the summit.

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