• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 29 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Melco’s City of Dreams Mediterranean surprisingly busy as impact of Israel conflict abates

Andrew W Scott and Ben Blaschke by Andrew W Scott and Ben Blaschke
Wed 14 Feb 2024 at 15:05
Melco’s City of Dreams Mediterranean surprisingly busy as impact of Israel conflict abates
50
SHARES
1.3k
VIEWS
Print Friendly, PDF & Email

Melco Resorts & Entertainment’s Cyprus integrated resort, City of Dreams Mediterranean, is on the recovery path after a recent slowdown due to the Gaza-Israel conflict, with business volumes in both its casino and hotel showing strong growth, Inside Asian Gaming has learned.

The IAG team is on the ground in Cyprus this week, staying at the CoD Mediterranean property, some seven months after Melco’s newest IR held its soft opening last July.

IAG was aware of swirling industry talk prior to our visit that the property was essentially a ghost town, with the war involving Israel in Gaza said to be eliminating its largest source market and the Russia-Ukraine war eradicating another important feeder market. However, the reality is vastly different.

On Friday, Saturday and Sunday night, IAG witnessed a hive of activity on the main gaming floor, with almost all seats at open table games filled, many of the roulette tables seated two deep and a healthy stream of customers playing slot machines. Even midweek has seen a steady flow of play, with table games – albeit fewer of them open – still busy and a healthy dose of slots play, based on IAG’s observations. There were also two full tables of No Limit Hold’em running in the expansive poker room on Tuesday night.

Sources familiar with CoD Mediterranean confirmed to IAG that business levels have returned with some force in recent weeks, particularly in respect to Israeli customers. Anecdotal evidence suggests these customers are willing to travel again, having initially opted out in the immediate months after war broke out last October.

Sources have also claimed the 500-room hotel at City of Dreams Mediterranean is around 80% full on weekends and enjoying around 40% occupancy midweek – an impressive feat given that February is the absolute peak of the off-season in Cyprus.

IAG understands that City of Dreams Mediterranean is anticipating a busy year ahead as it prepares for its first full Cyprus summer of operations, a time of year when flight capacity into the country traditionally quadruples.

Melco is expected to release its 4Q23 and FY23 financial results before the end of this month.

RelatedPosts

Galaxy, Melco and Wynn to attend major media event “Thai Entertainment Complex Roundtable” alongside Thai voices opposing entertainment complex industry

Galaxy, Melco and Wynn to attend major media event “Thai Entertainment Complex Roundtable” alongside Thai voices opposing entertainment complex industry

Wed 28 May 2025 at 06:58
Kangwon Land GGR up 3.8% year-on-year on higher VIP play

Kangwon Land to support local SMEs in entering global slot machines and gaming technology market

Wed 28 May 2025 at 06:09
SABA Sports to exhibit at SBC Summit 2025 in Lisbon

SABA Sports to exhibit at SBC Summit 2025 in Lisbon

Tue 27 May 2025 at 11:35
Spintec’s Charisma cabinet line, new products make splash at ICE Barcelona

Report claims Blackstone looking to sell ICE Barcelona organizer Clarion Events

Fri 23 May 2025 at 05:35
Load More
Tags: casinoCity of Dreams MediterraneanCyprusEuropeIsraelMelco Resorts
Share20Share4
Andrew W Scott and Ben Blaschke

Andrew W Scott and Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Born in Australia, Andrew is a gaming industry expert and media publisher, commentator and journalist who moved to Hong Kong in 2005 and then Macau in 2009, when he founded O MEDIA, one of Macau’s largest media companies and parent company of Inside Asian Gaming.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Casino Filipino venues to receive first delivery of almost 2,000 new slot machines by mid-September

PAGCOR board, including Chairman Tengco, tender courtesy resignations following Presidential call

by Ben Blaschke
Thu 29 May 2025 at 14:15

The Board of Directors of Philippine gaming regulator PAGCOR, including Chairman and CEO Alejandro Tengco, have tendered courtesy resignations this week in response to a directive from Philippines President Ferdinand Marcos Jr. Tengco, along with PAGCOR President and COO Wilma...

More details emerge on Thailand Entertainment Complex Roundtable including real-time transcription and translation, simultaneous interpretation, venue information and Thai media coverage

More details emerge on Thailand Entertainment Complex Roundtable including real-time transcription and translation, simultaneous interpretation, venue information and Thai media coverage

by Ben Blaschke
Thu 29 May 2025 at 06:46

The Thailand Entertainment Complex Roundtable (TECR) – a groundbreaking event bringing together international integrated resort operators Galaxy, Melco and Wynn as well as major figures who have opposed the introduction of entertainment complexes (ECs) to Thailand – will truly be...

Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Ainsworth chair says higher R&D investment necessary to boost global market competitiveness

by Ben Blaschke
Thu 29 May 2025 at 05:49

The chairman of Australian slot machine supplier Ainsworth Game Technology says the company must continue to increase its investment into research and development (R&D) in order to maintain global competitiveness and gain market share. Danny Gladstone cited R&D as Ainsworth’s...

Macau GGR rises 43.7% year-on-year to MOP$86.86 billion in 2021

Moody’s maintains investment-grade rating for Macau as fiscal reserves climb to US$77 billion

by Ben Blaschke
Thu 29 May 2025 at 05:23

Moody’s Ratings has affirmed the local and foreign currency issuer rating of the Macao SAR Government at Aa3 with a negative outlook, citing the jurisdiction’s strong fiscal reserves which have grown to MOP$624 billion (US$77.2 billion) as of March 2025....



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English