Russia and Ukraine Conflict could Impact Cyprus Casino

Russia and Ukraine Conflict could Impact Cyprus Casino

Melco Resorts & Entertainment cautioned in its annual report of the “negative impact” on business because of the sanctions against Russia.

The company was referring to Western sanctions against the Russian economy and “certain entities and persons” linked to that nation, because of the “military conflict between Russia and Ukraine”.

On the one hand, an immediate financial consequence is that we may cease to have access to certain customers such as Russian resident customers who are currently part of our customer base.

Melco International Development Ltd, a Hong Kong-listed casino operator which counts among its shareholders the billionaire Lawrence Ho Yau Lung and has its core operations in Macau, is building a large new casino complex called City of Dreams Mediterranean at Limassol in the Republic of Cyprus.

Melco Cyprus is a venture between Melco Resorts and Cyprus-based conglomerate Cyprus Phassouri (Zakaki) Ltd. The partnership has an exclusive licence for the country’s first integrated casino resort development which includes hotels, restaurants, spa and entertainment facilities, retail and conference space.

READ MORE

Trusted Online Casino Malaysia 2022

Unlike most other casino gaming review sites online which target Western markets, GamingSafe.net is the very first site to specifically target Online Casinos Malaysia, Thailand, and Indonesia, giving us a better view of the online gaming landscape in this region.

We review Online Casino Malaysia & Sportsbook Sites. With this list, you can focus on winning the game instead of worrying whether the websites are genuine or not! We review the site, you enjoy the game! View our Top 10 Trusted Online Casino Malaysia.

Latest News

Latest Game Reviews

Latest in e-Sports

Get The Latest Updates

Subscribe To Our Newsletter

Sign up for exclusive offers and latest news and receive them straight to your inbox.

Latest in Poker

Latest in Payments