Multinational Consortium Submits Plans to Create a World Class Integrated Casino Resort in Cyprus

The multinational consortium consisting of the companies Melco International Development Limited (“Melco”, HKEx Code: 200), Seminole HR Holdings LLC (“Hard Rock”) and Cyprus Phasouri (Zakaki) Limited, a member of CNS Group, submitted on October 5 its detailed proposal for the creation of an entertainment destination in the Republic of Cyprus to the Ministry of Energy, Commerce, Industry and Tourism in response to the final phase of the tender process of licensing a single integrated casino resort in Cyprus launched by the government.