Melco Resorts & Entertainment’s Cyprus integrated resort, City of Dreams Mediterranean, is on the recovery path after a recent slowdown due to the Gaza-Israel conflict, with business volumes in both its casino and hotel showing strong growth, Inside Asian Gaming has learned.
The IAG team is on the ground in Cyprus this week, staying at the CoD Mediterranean property, some seven months after Melco’s newest IR held its soft opening last July.
IAG was aware of swirling industry talk prior to our visit that the property was essentially a ghost town, with the war involving Israel in Gaza said to be eliminating its largest source market and the Russia-Ukraine war eradicating another important feeder market.
