Cyprus Signs Deal to Build ' Europe's Largest Casino '. Cyprus has signed a deal with a consortium made up of Melco International, Hard Rock. Find out where the largest casinos in Europe are. Which casino will beat all others for the title of biggest European casino ever?. Cyprus signed a deal Monday for the construction of what officials say will be Europe's biggest casino. The small Mediterranean island nation's. The venue is owned by French public trading company Societes des bains de mer de Monaco. The 71 m high building of hotel Bulgaria is situated in the heart of Bourgas. Shopping 19 Apply Shopping 19 filter. The casino resort, estimated to cost million euros will be the first in the internationally recognised south of the Mediterranean holiday island. Probably a black frock demand. Some of the first casinos in the world opened their doors in Europe, more than two centuries ago and acted as a hotspot for adventurous aristocrats. There will be jobs created and a better tourism project for Limassol and all of Cyprus.