Melco the main shareholder of casino in Cyprus with purchase of Hard Rock’s interest

Melco International Development Ltd, will be assuming the majority stake of 70.74% shareholding of the integrated casino resort project in Cyprus, with the agreement to purchase Hard Rock’s interest in the project company.

According to a Melco press release, the company currently holds 35.37% of the project company and has entered an agreement to purchase Hard Rock’s interest, completion of which is subject to the approval of the Cyprus government.

The remaining 29.26% belongs to CPZL (the Cyprus Phassouri (Zakaki) Limited).

Source: Cyprus News Agency