Cyprus & World News

Casino licensing in Cyprus by Spring 2015

09 May, 2014

The legislation for creating a casino resort in Cyprus is expected to come before the House of Representatives by the end of May, while the operation permits are estimate to be allocated in Spring 2015.

Speaking after a closed-door meeting of the House Trade Committee, Minister of Energy Yiorgos Lakkotryppis said that the government has finalized the policy document and is now preparing the legislation, which will be submitted in the Parliament late May.

He also said that after the parliament passes the law, the Ministry will be able to issue the licence within about eight months. The licensing procedure, as he said, will be open and is currently under preparation.