Connect with us

Industry News

Melco awarded at the 8th Invest Cyprus International Investment Awards in recognition of its commitment to Cyprus

Published

on

Reading Time: 2 minutes

 

The Melco Group – the organization building Europe’s largest integrated casino complex in Cyprus – has been honored by Invest Cyprus, in recognition of its significant investment in Cyprus. Melco is developing Cyprus’ first licensed Integrated Casino Resort, the City of Dreams Mediterranean, due to open its doors to international and local guests in late 2021.

Thanking Cyprus for trusting Melco with the ambitious project, its Group Chairman and CEO, Mr. Lawrence Ho, said: “It’s a great honor to receive this award on behalf of the entire team at Melco. Cyprus has tremendous economic potential and is now firmly on the radar of international investors. The country’s beauty, ideal geographical location, and the Government’s progressive approach towards regulation and governance mean that it’s perfectly placed to attract significant inbound investment of the highest caliber.”

The award was presented by the Minister of Finance, Mr. Harris Georgiades at the 8th Invest Cyprus International Investment Awards (ICIIA) organized by Invest Cyprus.

Mr. Ho added: “Today marks the first anniversary of us opening our Cyprus C2 Casinos, and we have already seen a huge surge of interest in the island as a premium tourism destination. The opening of City of Dreams Mediterranean will have a huge positive impact on the nation’s economy, attracting tens of thousands of luxury tourists, creating hundreds of new jobs, and tackling the tough issue of seasonality head on”.

Cyprus Casino’s launch of C2 Limassol along with C2 Nicosia and C2 Larnaca has provided jobs for more than 800 people and recorded more than 880,000 visits from various countries. Another two satellite casinos are expected to open soon, one in Ayia Napa later in July and one in Paphos by the end of the year.

Chairman of the Board of Directors of Invest Cyprus, Michalis P. Michael said: “Melco’s commitment to Cyprus is particularly valued and recognized, both by the government, and the island’s community.   The decision by Melco to build Europe’s largest Integrated Casino Resort here sends a strong message around the world about the long term potential for this nation.   This premium development will significantly boost Cyprus’ overall economy, whilst at the same time enhancing our tourist product in the most sustainable, long-term manner.   Melco are pioneers in their industry, and this is evident in their support for the communities into which they invest.   Melco is partnering with our Department of Antiquities to support national Archaeological Heritage Management, as they see the preservation and promotion of Cyprus’ cultural heritage as a key element to their investment in tourism here.

Melco Group is a world leader in the international luxury leisure and entertainment sector with operations in Hong Kong, Macau, the Philippines, Australia, and the United Kingdom. Melco is part of the consortium “Integrated Casino Resort Cyprus Ltd” (ICR Cyprus) along with “The Cyprus Phassouri (Zakaki) Limited”, a member of the CNS Group. The Consortium is responsible for the construction and operation of the integrated casino-resort in Cyprus as well as four satellite casinos across the island.

The prestigious Awards, organized by Invest Cyprus and Gold magazine, reward foreign investment in Cyprus, by honoring international investors and businesses in recognition of their substantial contribution to the Cyprus economy. This year, the 8th Invest Cyprus International Investment Awards, which were held under the auspices of the President of the Republic of Cyprus, Mr. Nicos Anastasiades, took place at the Presidential Palace on 3 July 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Melco awarded at the 8th Invest Cyprus International Investment Awards in recognition of its commitment to Cyprus

Continue Reading

Industry News

Chief Information Security Officer Joins Continent 8

Published

on

By

Chief Information Security Officer Joins Continent 8Reading Time: 2 minutes

 

Continent 8 Technologies, the award-winning, multi-jurisdictional global network and cloud infrastructure solutions provider, today announced that Brian Borysewich has joined Continent 8 as Chief Information Security Officer (CISO). Brian will bring four decades of experience in the industry to Continent 8’s Cyber security, network operations, and compliance teams.

Brian is a seasoned cyber security professional and has served in many roles from systems security administrator to the C-level suite. He has empowered Fortune 50 companies to secure their environments, has held leadership roles at both eBay and PayPal at their respective headquarters in Silicon Valley USA, as the principal cybersecurity architect.

Brian’s experience includes over 15 years within the United States government intelligence agencies. He is a former Black Hat and Anonymous hacker who has since used his experience to provide companies, governments, and educational institutions with methods and techniques to protect valuable assets and data. He has been a keynote speaker and mentor at various security conferences and panels.

“As a global leader that protects some of the world’s most valuable information, we take data security seriously,” said Michael Tobin, CEO of Continent 8. “Brian has been globally recognized as a cyber security practice leader. His accomplishments and leadership have helped companies and governments around the world protect both brand and financial resources. I look forward to working with him in these challenging, but exciting times, as businesses and nations enter ever increasing Cyber security attacks in size and velocity.”

Additionally, Brian has extensive expertise in iGaming, which will assist Continent 8 in serving its wide range of clients in that industry. A pioneer in early online gaming, he provided gaming site technology as early as 1995, when the first customers bet before the flurry of regulation. He served for four years as IGT’s Global Operations Solutions Delivery Architect and Manager.

Brian’s arrival supports the company-wide dedication to security that strives to keep client data safe, secure, and private across the global network and public cloud infrastructure on a regional, national, and global level.

Continent 8 is an award-winning, multi-jurisdictional global Cloud infrastructure solutions provider that connects, manages, and secures the world’s most valuable information. Its advanced data centers and high-quality networks support critical online operations in both private and public-sector organizations in over 50 locations across Europe, Asia, and the Americas.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Chief Information Security Officer Joins Continent 8

Continue Reading

Industry News

Greece to Raise Tax Rates on Online Gambling

Published

on

By

Greece to Raise Tax Rates on Online GamblingReading Time: 1 minute

 

The Ministry of Development in Greece has introduced a new proposal, which raises the costs for online gambling operations.

Permits for iGaming operations will cost €3 million (sports betting) or €2 million (online casino and poker). Greece demands online gambling licensees to pay a 35% tax on their gross gaming revenue.

Greece is soon to feature a casino resort. Two operators have already bid for the construction and operation of the facility.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Greece to Raise Tax Rates on Online Gambling

Continue Reading

Industry News

Veikkaus Appoints New Supervisory Board Members

Published

on

By

Veikkaus Appoints New Supervisory Board MembersReading Time: 1 minute

 

Veikkaus, the gambling monopoly in Finland, has appointed new supervisory board members to amplify and raise the responsible gambling standards.

There are a total of 28 members on the board. 13 members are representatives of various political parties and 13 representatives of Veikkaus’ stakeholders. There are two representatives from Veikkaus’ employees. The board would be led by chair Jukka Gustafsson and vice-chair Jani Mäkelä.

The first six months of 2019 have not been great for the state-run Finnish Gambling monopoly Veikkaus. In its financial report, Veikkaus has posted a 6% decline in overall turnover during the first six months of 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Veikkaus Appoints New Supervisory Board Members

Continue Reading
Advertisement
NSoft

Trending