February 3rd 2012
Every now and again reports surface about the creation of casinos in Cyprus. Over the past couple of months the frequency of these rumours has increased considerably with various ministers (finance, communications) being quoted and billionaire investors itching to be the first to acquire the much coveted licence.
This goes against our President’s anti-gambling principles who stated a couple of years ago that as long as he is in power there will be no casinos. However an Akel MP (Mouskallis) said around the same time that AKEL will favour the creation of a casino provided the time is right. It appears that the recession, rising unemployment, shortage of liquidity are the pre-requizites for such a venture.