City of Dreams Mediterranean Delays Completion of Casino Once Again

May 4, 2022 World Casino & Hotel Industry Updates

City of Dreams Mediterranean, the next big casino property for Melco Resorts and Entertainment, is facing continued delays. However, the latest setback is only a minor one, with the company expecting to launch the first phase by the end of this year.

City of Dreams (CoD) Mediterranean was to initially open in 2021 after breaking ground in 2019. However, the schedule changed for a number of reasons, including the drawn-out issues with COVID-19. Delays arrived that pushed the first phase launch back to later this year.

Once again, the $617-million casino resort in Cyprus is going to take a little longer. The latest update, according to local officials, puts the inauguration of the first phase of operations closer to the end of this year.

Closer to the Finish Line
Speaking to CyBC, a state-run radio station, Deputy Minister for Tourism Savvas Perdios confirmed the delay. He added that the delays are the result of the ill-timed global pandemic, which, apart from restricted local commercial activity, also produced delays in importing raw material.

Perdios stated that the casino’s operations won’t be ready until sometime after September, according to information from the company’s board of directors. However, he pointed out that Melco obtained an extension from the government to complete the project. That extension expires on September 30.