City of Dreams Mediterranean: Q4 Earnings Surge Driven By Operational Momentum

City of Dreams Mediterranean, the group behind the renowned casino at Fasouri in Limassol, recorded a robust earnings boost in Q4 2024, posting an increase of $11.8 million. This surge is primarily attributed to the sustained growth in operations following the mid-2023 launch of City of Dreams Mediterranean—a move that has significantly elevated performance in both the mass market and non-gaming sectors.

Strong Financial Performance

According to an announcement from the group, the adjusted EBITDA—earnings before income tax, depreciation, and amortization—soared to $59.2 million in Q4 2024, up from $47.3 million during the same period in 2023. This robust performance underscores the strategic impact of expanding operations and enhancing customer engagement.

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Improved Chip Volume Efficiency

A critical metric, the “rolling chip volume” margin, stood at 3.06% in Q4 2024, a remarkable turnaround from a negative 8.85% recorded in Q4 2023. This improvement places the margin well within the expected range of 2.85% to 3.15%, signaling efficient management and robust operational execution.

Mixed Trends In Table Games

Despite overall gains, the casino experienced a notable decline in table game revenue in the mass market segment, dropping to $126.5 million in Q4 2024 from $87.6 million in Q4 2023. However, the profit margin for table games remained relatively stable, registering 21.8% in Q4 2024 compared to 22.1% the previous year. This stability amid shifting revenue dynamics reflects a well-balanced portfolio and strategic focus on operational efficiency.

A Strategic Win For City Of Dreams Mediterranean

The continued operational growth following the opening of City of Dreams Mediterranean has clearly paid off. By boosting both non-gaming and mass market performance, the group has not only enhanced its earnings profile but also set a new benchmark for operational excellence in the region.

As the casino industry faces evolving market dynamics, City of Dreams Mediterranean’s performance in Q4 2024 illustrates the power of strategic expansion and operational agility—a story of transformation and sustained growth in an increasingly competitive environment.

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Larnaca Named One Of Europe’s Best Autumn Sun Destinations

by News Editor

August 24, 2026

Larnaca has been named the third-best destination in southern Europe for an autumn getaway, according to Quotezone’s 2026 Shoulder Season Index.

The Cypriot city ranked behind Antalya in Turkey and Tenerife in the Canary Islands, while Crete and Malta completed the top five. The index assessed destinations based on factors including temperatures, sunshine, rainfall and accommodation costs.

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Autumn Holidays Gain Popularity

The ranking comes as more travellers consider moving their holidays away from the peak summer season. Quotezone found that 48% would consider taking their main annual holiday in autumn, while 52% said they would avoid southern Europe during summer because of high temperatures.

Cost is another factor, with 26% of respondents citing cheaper prices as a reason to travel in autumn. Meanwhile, 42% said they would wait for a last-minute price reduction, and 11% said they always look for an autumn deal.

Fewer crowds also appeal to travellers, with 21% choosing autumn for lower congestion and 16% valuing the smaller number of children travelling during the season.

Larnaca Offers Warm Autumn Conditions

Larnaca’s position in the ranking reflects its favourable weather in September and October. Average air temperatures reach 25.5°C, while the sea remains around 27°C.

Rainfall is also limited, with just 12mm recorded across the two months in the index’s assessment. That makes the city particularly suitable for visitors looking for beach weather beyond the traditional summer season.

Antalya Takes First Place

Antalya topped the ranking with around 9.5 hours of sunshine per day and average temperatures of 27.6°C during September and October. Sea temperatures average 27.5°C, while rainfall stands at around 42mm.

Tenerife came second, helped by warm weather and relatively little rainfall, while Crete ranked fourth with around eight hours of sunshine daily. Malta completed the top five.

Budva in Montenegro ranked ninth and Dubrovnik in Croatia tenth.

A Longer Tourism Season For Cyprus

Quotezone travel insurance expert Helen Rolph said the shoulder season was becoming increasingly attractive as travellers looked for warm weather without the extreme heat and higher prices associated with summer.

For Cyprus, Larnaca’s ranking highlights the island’s potential to attract visitors beyond the traditional peak season. Warm temperatures, high sea temperatures and limited rainfall make the city a strong option for late-season holidays.

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