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Hermes Airports Ltd and Integrated Casino Resorts Cyprus Ltd (ICR Cyprus) announce the signing of a commercial agreement with which the airport operating company provides ICR Cyprus with two specific locations in the terminal building of Larnaka Airport in order to create a “satellite casino” in the city of Larnaka.
 
According to a joint press release, the first location to be allocated is situated in the departures area, accessible only to departing passengers, whilst the second one is situated in the arrivals area, accessible to the general public.
 
The first location is expected to be ready and operational in the next three months whilst the second one is expected to be ready by the end of the year.
 
The current plan for the “satellite casino” at Larnaka airport is to be operating approximately 50 gaming machines.
 
On behalf of Hermes Airports Ltd, the agreement was signed jointly by the Chief Executive Officer of the company, Eleni Kaloyirou and the Chief Financial Officer, George Paschalis while on behalf of ICR Cyprus, the agreement was signed by the Director of ICR Cyprus, Melis Shacolas and the Property President, Craig Ballantyne.
 
The term of the commercial agreement is two years with the possibility of renewal, the press release concludes.

Source: Stockwatch