{"id":9076,"date":"2024-08-14T17:58:54","date_gmt":"2024-08-14T17:58:54","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=9076"},"modified":"2024-08-14T17:58:55","modified_gmt":"2024-08-14T17:58:55","slug":"cyprus-las-vegas-of-the-middle-east-and-the-paradise-for-russian-money","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/cyprus-las-vegas-of-the-middle-east-and-the-paradise-for-russian-money\/","title":{"rendered":"Cyprus \u201cLas Vegas of the Middle East\u201d and the paradise for Russian money."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In the southern part of the island, the Republic of Cyprus \u2013 a member of the European Union since 2004 \u2013 casinos became legal last year with the opening of the City of Dreams Mediterranean, Europe\u2019s first and largest integrated resort.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=4d0WZjXrn98&amp;t=29s\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Competition will not be a problem, experts agree. In the north, casinos are an intrinsic part of the current system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cRight now, it\u2019s like the Wild West. This system benefits big business and the current state. A federation would incorporate the North into the EU, introduce oversight mechanisms, and of course they don\u2019t want that. They want the North to be isolated from the world, without controls and without the rule of law.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Cypriot economy is based on the casino business, which has turned the territory into a resort for Turks and an opportunity for Russians to make money.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/cyprus-las-vegas-of-the-middle-east-and-the-paradise-for-russian-money2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Some define Northern Cyprus as the \u201cLas Vegas of the Middle East\u201d and they are right, since the territory\u2019s economy is largely supported by this business.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/cyprus-las-vegas-of-the-middle-east-and-the-paradise-for-russian-money3.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The only country in the world that recognises the Turkish Republic of Northern Cyprus is Turkey, and in fact 80% of casinos are owned by Turks. <em>\u00abTo establish a casino in the North, there must be the opening of a 5-star hotel. You cannot open a stand-alone casino just for people to gamble. The licence also requires a political decision. In other words, not everyone can open one, you need the support of the government,\u00bb<\/em> explains Mertkan Hamit, an economist specialising in the subject.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the southern part of the island, the Republic of Cyprus \u2013 a member of the European Union since 2004 \u2013 casinos became legal last year with the opening of the City of Dreams Mediterranean, Europe\u2019s first and largest integrated resort. Competition will not be a problem, experts agree. In the north, casinos are an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9077,"menu_order":252,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-9076","europe","type-europe","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyprus \u201cLas Vegas of the Middle East\u201d and the paradise for Russian money. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/cyprus-las-vegas-of-the-middle-east-and-the-paradise-for-russian-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyprus \u201cLas Vegas of the Middle East\u201d and the paradise for Russian money. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"In the southern part of the island, the Republic of Cyprus \u2013 a member of the European Union since 2004 \u2013 casinos became legal last year with the opening of the City of Dreams Mediterranean, Europe\u2019s first and largest integrated resort. Competition will not be a problem, experts agree. 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