Disappointing Results for Limassol Casino-Resort
January 30, 2026
The Melco investment in the casino-resort in Limassol has not met expected revenue targets, with sales falling short of forecasts. The company's financial situation has been negatively impacted, particularly due to the pandemic and Middle Eastern turmoil. There are concerns about the sustainability of the casino's operations as competition from other casinos in the region increases. The National Gaming Authority needs to prepare for potential market pressures and changes. In addition to its obligations, the casino faces competition from illegal online providers.