Passport Technology Inc. Launches With Europe's Largest Integrated Casino Resort, City of Dreams Mediterranean

LONDON, May 13, 2019 (Newswire.com) -  Passport Technology Inc., with ICR Cyprus, proudly announces the launch of cash access solutions in Cyprus Casinos (C2) and City of Dreams Mediterranean.

“Set to be completed by 2021, City of Dreams Mediterranean will be the largest integrated casino resort in Europe,” states Kurt Sullivan, president of Passport Technology. “Such a pioneering endeavor requires a service provider with the ability to innovate quickly and efficiently while maintaining the highest standards of reliability, security and compliance. Leading up to this successful launch, our team worked diligently with ICR Cyprus and gaming regulators to ensure our solution exceeded these standards, and we’re proud to be a part of this grand vision.”

As the leading provider of cash access solutions throughout the U.K., EU and Canada, Passport Technology will be providing its CashValet® solution for the City of Dreams Mediterranean. Purpose-built to handle traffic at the scale befitting the largest casino resort in Europe, CashValet® combines world-class security, compliance, service and support along with aesthetically pleasing, custom-made kiosks and intuitive software applications.

A first-of-its-kind for Cyprus, Passport Technology POSpod™ kiosks bring added value to patrons by providing a new cash access source allowing for high approval amounts, dynamic currency conversions, responsible gambling, layers of integrated security, privacy and low processing fees. Passport Technology’s CashValet® Console application suite enables casino operators to quickly process transactions, is engineered to mitigate risk, fraudulent transactions, set dynamic and VIP pricing, and provide real-time data and reports.

“Adding value for casino operators and enhancing the guest experience has always been our top priority,” states Helen Bowditch, VP of international development. “No other company offers the same level of security, features or award-winning customer support that Passport Technology has created and continues to craft. We are pleased to have been recognised as the right service provider for ICR Cyprus in their first expansion outside of Asia and look forward to a long relationship of collaboration and growth.”

About Passport
Passport Technology Inc. is a leading developer of technology-based products and services for the highly regulated payments, gaming and financial services markets. The company's international portfolio includes attended payment kiosks, cash access systems, ATM, server and web-based analytic technology, agnostic application management systems and interactive content and services.

Passport Technology is recognized as the winner of the Global Regulatory Awards 2018 Compliance Payment Service or Solution Provider of the Year.

For more information, please visit passporttechnology.com.

About Integrated Casino Resorts Cyprus Limited (ICR Cyprus)
Integrated Casino Resorts Cyprus Limited (“ICR Cyprus”), comprising Melco Group and The Cyprus Phassouri (Zakaki) Limited, a member of CNS Group, has successfully obtained a 30-year casino-gaming license agreement to develop and operate the integrated resort in Cyprus.​​

About Melco
​Melco Group is a world leader in leisure and entertainment sector with operations in Hong Kong, Macau and Philippines under the leadership of its Chairman and CEO Mr. Lawrence Ho. The Group has also secured the first casino resort license in Cyprus. Melco holds a majority stake in Melco Resorts & Entertainment Limited, a leading developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located in Taipa, Macau, and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino-based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically themed integrated entertainment, retail and gaming resort in Cotai, Macau. It currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila, Philippines. For more information about Melco, please visit www.melco-group.com.​

About The Cyprus Phassouri (Zakaki) Limited
The Cyprus Phassouri (Zakaki) Limited is a member of the CNS Group which, amongst others, conducts different businesses including real estate, telecommunications, dairy, large-scale farming and export and mining in Cyprus. For more information about the CNS Group, please visit www.cns.com.cy.​

Press Contact:
Passport Technology​
Max Aceituno
​Chief Marketing Officer
​[email protected]

Source: Passport Technology Inc.