Cypriot President Nicos Anastasiades speaks during an interview with Reuters at the Presidential Palace in Nicosia, Cyprus April 7, 2017. (REUTERS/Yiannis Kourtoglou)
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Cyprus' president says a new casino resort that's described as Europe's biggest will be the centerpiece of the east Mediterranean island's strategy to become a luxury tourism destination.President Nicos Anastasiades said at Friday's groundbreaking ceremony of the 550 million euro ($651 million) City of Dreams Mediterranean casino resort that the investment project is the biggest ever undertaken in Cyprus.He said that once operational in 2021, the resort will create around 6,500 jobs, attract an additional 300,000 visitors to Cyprus each year and pour some 700 million euros ($828.5 million) into the economy annually.
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