By 2022, in it’s second year of operation, the casino is estimated to contribute 4% of GDP or € 800 million to the Cypriot economy according to the the spokesman of the joint venture to run the casino resort in Cyprus.
Speaking to the Commission, spokesman Jacob Galanos also said that around 4,000 jobs will be created during the construction period of the casino and around 2,400 jobs will arise during the management of the casino. The company will be respecting the necessary skills and qualifications of all of the employees, but will be prioritising employing Cypriots. Zeta Aimilianidou, the Minister of Labor, Welfare and Social Insurance contacted the company’s representative, asking for a list of all the qualifications of the jobs by category, so that unemployed Cypriots can be trained accordingly.
Theodoros Koutsoukis mentioned that that the sites where the satellite and temporary casinos are to be built have already been chosen and are expected to be approved by the Game Authority. In August, all the necessary documents for the urban planning and all the necessary licenses will be submitted, with the aim of the temporary casinos fully operating by February 2018.
He also noted that by November of this year the company will file all of the necessary paper work for the town planning permission for the casino resort, in order to lay the foundations in the first quarter of 2018, respecting all of the time-frames prescribed by the law. Christos Mavrellis, Chairman of the Game Authority, said that the Authority will have ongoing work beyond that, the approval of the premises concerning the supervision, monitoring compliance with regulations. He said the Authority is geared towards employing external experts to guide us in relation to site inspection.
Moreover, the Director of the Ministry of Commerce Stelios Winter said that responsibility for the operation of the casino goes to the Games Authority, adding that the Council of Ministers approved the appointment of a project supervisor, to monitor developments in relation to the casino. He added that the Ministry also recommended appointing a liaison officer to the services involved for the purpose of communicating and handling the casino issues. Finally, he said the Ministry had secured a budget line from the Ministry of Finance for the operational needs of the Gaming Authority, which will prepare a budget in 2018.
It should be noted that the reverberations of the operation of the casino should be reduced as much as possible.