From Cyprun-Mail – PAPHOS plans to lobby the government to change its recent decision to create one casino resort rather than give out licences to each district. Andreas Soteriades, Secretary of SEKO Paphos – the Coordinating Committee of Parties and Organisations – told the Cyprus Mail that a special meeting has been called for this coming Saturday to discuss the matter in more depth. “Representatives of local hotels, shops and other organisations, as well as the mayors from the district will discuss what we can do to ensure Paphos is able to have a casino,” he said. “It will be…

From Fox News – Cyprus’ government says the Cabinet has decided to issue a license to build the bailed-out country’s first casino resort. Spokesman Christos Stylianides said Thursday that the license will be granted to the successful bidder within 12 months in order to provide a quick boost to public finances and help the battered economy with jobs and revenue. To prevent the collapse of its wobbly banking sector and avoid bankruptcy, Cyprus signed in March a 23 billion euro ($30 billion) financial rescue deal with it euro partners and the International Monetary Fund. Under the deal’s terms, Cyprus forced…