Cyprus casino bid delay not sitting well with applicants who did their homework

The Cyprus government is catching flak for pumping the brakes on the bid process for its lone casino license.

The Greek-controlled southern half of Cyprus had set a July 5 deadline for its three casino license finalists to submit their final proposals for consideration. But the government now says it has pushed back this deadline by another three months.

In Cyprus reported that the government was responding to requests by two of the bidders – Filipino casino operator Bloomberry Resorts and Cambodia’s NagaCorp – who said they needed more time to finalize their presentations.

The two bidders reportedly told the government that they needed more time to secure deals with the owners of the land parcels on which they wish to build. Bloomberry is reportedly eyeing a property at Paphos while NagaCorp is looking at a Lamarca plot.