Worldway Group has learned that according to the Cyprus Gaming and Casino Supervision Commission, as of the end of January 2019, approximately 470,000 people had visited the three casinos in Cyprus, with gambling turnover reaching 210 million euros.
The chairman of the commission stated that between June 2018 and January 2019, winners won 175 million euros, while operators earned 35 million euros and paid 5.25 million euros in taxes to the state. In addition, 4 million euros in licensing fees were paid to the state.
The first casino opened in Limassol in June 2018, followed by two more in Nicosia and Larnaca in December. Currently, 80% of the players are Cypriot, 4% are Greek, and 11% are from other countries.
It is understood that the commission has received an application from a tour operator interested in bringing foreign players to Cyprus. It is expected that as the 550 million euro project nears completion, more such applications will follow, and the casino resort in Limassol is expected to attract 300,000 tourists annually when it opens in 2021.
The benefits that a casino economy brings to a country have always been significant. Macau, Monaco, Atlantic City, and Las Vegas are known as the world's four major gambling cities. These four cities are world-renowned for their gambling industries, having developed vast tourism, shopping, and resort industries centered around gambling, becoming world-famous vacation destinations and ranking among the most developed and affluent regions in the world.
As an island nation in the Mediterranean, Cyprus has a highly developed tourism industry and occupies a unique node position between Asia, Africa, and Europe. It has a large number of wealthy tourists and investors from the EU, Russia, the Middle East, and Asia, which provides a foundation for the development of the gaming industry. At the same time, the development of gaming will further feed back into the tourism industry, create space for high-end tourism, generate more investment opportunities, create more economic benefits for the country, and promote Cyprus to become an WorldWay and travel hub. Is such a Cyprus the next investment kingdom you are looking for?
To invest and immigrate to Cyprus, you only need to purchase properties in Cyprus worth 2 million euros or more. Whether it is one or multiple properties, as long as the total value exceeds 2 million euros, you can apply for a Cyprus EU passport for three generations of your family, allowing you to participate in the Cyprus investment market and travel freely across Europe.
Cyprus is a member state of the European Union, and holding a Cyprus passport is equivalent to having EU citizenship. Holders of a Cyprus EU passport can travel visa-free to more than 150 countries and regions worldwide, and enjoy a 1=32 advantage! That is, by holding a Cyprus EU passport, you can freely move, work, and reside in 32 European countries, including the 28 EU member states (including Finland, the UK, Germany, Austria, Italy, France, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, and enjoy the generous welfare benefits of EU citizens! You can also easily immigrate to multiple European countries by meeting certain conditions.
Previously, the Cyprus Cabinet officially announced the details of the new Cyprus investment citizenship policy. According to the new policy, after May 15, 2019, investors applying for a Cyprus EU passport will incur an additional 150,000 euro donation cost; if an investor purchases property that has already been used to apply for a Cyprus investment project (resale property), the minimum investment amount will increase from the original 2 million euros to 2.5 million euros.
Currently, there is only one and a half months left in the window period. Considering the time required for document preparation, investors interested in obtaining a Cyprus EU passport should seize the opportunity! Submit your application before May 15, 2019, to apply early and benefit early!
Save 150,000 euros or more + ultra-relaxed background checks + fast acquisition of a Cyprus EU passport/UK residence/Swiss residence, now is the time to invest and immigrate to Cyprus! For inquiries, please call: 400-138-2929.
