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Tag Archives: Cyprus

Cyprus – Melco back to making a profit in Cyprus

Melco Resorts & Entertainment’s temporary casino and four satellite casinos in Cyprus are back to making a profit again following their recent reopenings. For the quarter ended June 30, 2021, total operating revenues at Cyprus Casinos were US$10m, compared to US$3.5m in the second quarter of 2020. Cyprus Casinos generated negative Adjusted EBITDA of US$0.8m…

Cyprus – Soft2Bet partners with Onfido to power trusted identity verification for its gaming platform

Cyprus – Casino and sportsbook platform provider Soft2Bet has partnered with global identity verification and authentication leader, Onfido, to provide secure and simplified identity verification for user onboarding. Onfido’s award-winning technology uses artificial intelligence (AI) and facial biometrics to verify users’ identities, providing a more convenient user experience for Soft2Bet customers while reducing fraud. The…

Cyprus – Parimatch integrates OKTO.CASH solution

OKTO has launched its OKTO.CASH in-app payment method in Cyprus with Parimatch. The fintech firm offers Parimatch players a new physical-to-digital payment method, allowing them to top-up their online gaming account with cash through any point of sale of OKTO’s partnering POS network in a safe, secure and fast way. OKTO.CASH is designed to deliver…

Cyprus – Parimatch forms Supervisory Board

Parimatch has created a new advisory team, the ‘Supervisory Board’, tasked with helping the operator navigate through the competitive world of online gaming and sports betting. The Supervisory Board will also rule on decisions such as the company’s potential Initial Public Offering and the means through which it will continue its expansion, but it will…

Cyprus – Soft2Bet appoints Hamza Afifi as PR Director

Soft2Bet has appointed the former Head of Sales for the SiGMA Group, Hamza Afifi, as its PR Director. Soft2Bet’s new PR Director will play a key role in the promotion of its portfolio of operator brands, including recent launches such as the gamified sportsbook, Betinia, and the cabaret-inspired casino, Winota. Commenting on the appointment, Soft2Bet’s…

Cyprus – City of Dreams Mediterranean remains on course for summer 2022 debut

City of Dreams Mediterranean, Cyprus’ first integrated resort (IR) and the biggest in Europe and the wider region, is advancing well towards completion. Construction is progressing smoothly, with the IR being set to open in Summer 2022. The development of the project is now available for viewing through impressive aerial drone footage produced by City…

Cyprus – Opening of City of Dreams Mediterranean delayed by a year

The Cyprus Gaming and Casino Supervision Commission has confirmed that the opening date of Melco Resorts’ €550m City of Dreams Mediterranean, will be delayed by almost a year until the second half of 2022 due to delays in its construction caused by the COVID-19 pandemic. Phidias Pilides, Vice President of the Cyprus Gaming and Casino…

Cyprus – Soft2Bet appoints Peter Christian Noer as Nordics Regional Manager

Soft2Bet has named Peter Christian Noer as its Regional Manager for the Nordic markets. Noer assumes the position following a spell as the company’s Country Manager for Sweden, and his new responsibilities will include helping Soft2Bet continue to grow its footprint in the key territories of Sweden, Norway and Finland. The company’s new Nordics Regional…

Cyprus – Soft2Bet casino brand Frumzi gains MGA licence

Frumzi, the casino brand launched by Soft2Bet, has been accredited with a certification from the Malta Gaming Authority (MGA). The online casino’s newly acquired licence allows it to entertain players across MGA markets, offering a selection of slots, live casino games and jackpot options. The site’s Pay’n’Play registration option provides instant deposits and withdrawals via…