The final countdown for the opening of a casino in Cyprus started officially today. In his latest statements, CTO Chairman, Panos Egglezos said that the two studies on the socio-economic impacts from the opening of a casino showed that Cyprus needs and must have a casino to enrich its tourist product. Speaking within the framework of the CTO conference, Mr. Egglezos stressed that the two studies will be submitted before the Council of Ministers soon and the latter might decide for the opening of more than one casino. “The casinos will be of high-standards and we will do everything to have the best possible results”, he said.
Criteria
As for AKEL’s allegations that the casino will harm the Cypriot households, CTO said that this argument is not valid since gambling and illegal betting prosper in Cyprus. “The casino will have income and age criteria and not all people will have access in it”, CTO officials told StockWatch.
Air companies
Mr. Egglezos also referred to the CTO efforts for a recovery in the island’s tourism industry. “The CTO will soon have contracts with 10 low budget air companies, which intend to launch flights to Cyprus. These companies are from Germany, Poland, the UK, and the Scandinavian countries, sources told StockWatch. Two of them are Easy Jet and Ryan Air.
Infrastructure projects
“By the end of this month, we will start the procedures for the construction of a golf court in Geroskipou, while 6 more golf courts are just a step before their construction. Also, the contracts for the construction of a marina and a conference center in Limassol will be signed soon”, CTO Chairman noted.
Religion conference in Cyprus
The first International Religion Conference of Tourism will take place in Cyprus on October 19-21. The conference has been organized by CTO and World Tourism Organization and will be attended by personalities from the sector of church and tourism.
Finally, Mr. Egglezos expressed his optimism that Cyprus will cover the losses from the tourist arrivals and that tourist revenues will exceed £1 billion.
Criteria
As for AKEL’s allegations that the casino will harm the Cypriot households, CTO said that this argument is not valid since gambling and illegal betting prosper in Cyprus. “The casino will have income and age criteria and not all people will have access in it”, CTO officials told StockWatch.
Air companies
Mr. Egglezos also referred to the CTO efforts for a recovery in the island’s tourism industry. “The CTO will soon have contracts with 10 low budget air companies, which intend to launch flights to Cyprus. These companies are from Germany, Poland, the UK, and the Scandinavian countries, sources told StockWatch. Two of them are Easy Jet and Ryan Air.
Infrastructure projects
“By the end of this month, we will start the procedures for the construction of a golf court in Geroskipou, while 6 more golf courts are just a step before their construction. Also, the contracts for the construction of a marina and a conference center in Limassol will be signed soon”, CTO Chairman noted.
Religion conference in Cyprus
The first International Religion Conference of Tourism will take place in Cyprus on October 19-21. The conference has been organized by CTO and World Tourism Organization and will be attended by personalities from the sector of church and tourism.
Finally, Mr. Egglezos expressed his optimism that Cyprus will cover the losses from the tourist arrivals and that tourist revenues will exceed £1 billion.
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