Listing 16
New update July 2016 now Cancelled biding time already passed, Cyprus with new laws coming into force to allow casinos in the Southern part of Cyprus, cancelled now only one licence being granted, with 5 star hotel only, This makes this a great opportunity Possible JV The casino license has been verbally granted on conditions the applicant has at least 3 years casino operational experience, and the hotel property which is now a 3 star must be converted with a grand refurbishment to a 5 star standard hotel and the casino will be allowed to be installed within the hotel property, The Hotel owner is looking for partners or investors to complete the upgrade and partners to take over both management of hotel plus or Casino only, The new hotel and casino resort will have a total ground area of 20,000 Sq meters, total investment cost to upgrade this closed hotel property is approx 30-40m euros but the owner is willing to put up the land to start building as a 50% joint venture partnership in the profits,or will sell out the complete property as is for [amount withheld] Now Cancelled
About this opportunity
New update July 2016 now Cancelled biding time already passed, Cyprus with new laws coming into force to allow casinos in the Southern part of Cyprus, cancelled now only one licence being granted, with 5 star hotel only, This makes this a great opportunity Possible JV The casino license has been verbally granted on conditions the applicant has at least 3 years casino operational experience, and the hotel property which is now a 3 star must be converted with a grand refurbishment to a 5 star standard hotel and the casino will be allowed to be installed within the hotel property, The Hotel owner is looking for partners or investors to complete the upgrade and partners to take over both management of hotel plus or Casino only, The new hotel and casino resort will have a total ground area of 20,000 Sq meters, total investment cost to upgrade this closed hotel property is approx 30-40m euros but the owner is willing to put up the land to start building as a 50% joint venture partnership in the profits,or will sell out the complete property as is for [amount withheld] Now Cancelled
Key information
- New update July 2016 now Cancelled biding time already passed, Cyprus with new laws coming into force to allow casinos in the Southern part of Cyprus, cancelled now only one licence being granted, with 5 star hotel only, This makes this a great opportunity Possible JV The casino license has been verbally granted on conditions the applicant has at least 3 years casino operational experience, and the hotel property which is now a 3 star must be converted with a grand refurbishment to a 5 star standard hotel and the casino will be allowed to be installed within the hotel property, The Hotel owner is looking for partners or investors to complete the upgrade and partners to take over both management of hotel plus or Casino only, The new hotel and casino resort will have a total ground area of 20,000 Sq meters, total investment cost to upgrade this closed hotel property is approx 30-40m euros but the owner is willing to put up the land to start building as a 50% joint venture partnership in the profits,or will sell out the complete property as is for [amount withheld] Now Cancelled
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