World giants of casino industry are planning to invest on both sides of the Green Line. A company from Hong Kong, Amax Holdings LTD, plans to open a casino in Lara Park hotel, currently under construction in Catalkoy, and the world- famous casino Las Vegas, is in the negotiations with officials in South Cyprus.
Chapter Amax Co., Ltd., Man Sun, said that he is "positive about gaming industry in TRNC ". In June, the company signed with Southern Ruby Ltd agreement to acquire 51% of the casino in Lara Park, and 10 % of the hotel.
If everything will go according to plan, then the total number of casinos in Northern Cyprus will reach 26, including recently opened casino Pasha in Karakum , Kyrenia .
Meanwhile, the game industry in South Cyprus is strictly forbidden , but the mayor of Paphos , said that the administration intends to create a license for a casino in the resort town , and two branches in other parts of Southern Cyprus . All casinos will belong to the same owner. According to preliminary data, the project will cost between 600 and 800 million euro, annually will attract half a million new tourists and create 8,000 jobs.
Share on social networks:
Northern Cyprus News: July 2026 Digest
The real estate market and infrastructure of the Turkish Republic of Northern Cyprus (TRNC) continue to develop actively, moving towards a phase of maturity and increased security for foreign investors. Here is our key overview of the main events and legislative changes on the island over the past week.Northern Cyprus: Key Developments in July 2026
Stay updated with the latest Northern Cyprus news, including property regulations, investment trends, infrastructure developments, tourism updates and key events shaping the future of the island in 2026.Northern Cyprus Property Market: A More Mature Market
The Northern Cyprus property market is evolving. After years of rapid growth, the market is becoming more mature while buyers are becoming more selective. Why is demand for completed properties increasing, which areas remain the most attractive, and what opportunities lie ahead for investors? AllianceNC reviews the key trends shaping the market in 2026.Northern Cyprus Real Estate, June 2026 – Key Market Highlights
North Cyprus: Property Market and Tourism Update – June 2026. The North Cyprus property market continues to evolve as it enters a more stable phase of growth. Which areas remain the most sought-after? What is happening in Iskele and Esentepe? How is tourism supporting property investment opportunities in 2026? Read AllianceNC's latest June market overview.
