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Greece Gets Two Bids For Tourist Resort Casino

Published on Oct 14 2019 9:00 AM in Hotel tagged: Trending Posts / Greece

Greece Gets Two Bids For Tourist Resort Casino

Greece has received two bids for a licence to build and operate a casino resort in a long-delayed tourist development in Athens, the country's gaming commission has said.

Bids were submitted by Hard Rock International and by US casino operator Mohegan Gaming & Entertainment jointly with Greek contractor GEK Terna, the commission said.

The winner of the tender, which is expected to be named by the end of November, will build a casino of at least 1.2 hectares, with at least 120 gaming tables and 1,200 slot machines, as well as a luxury hotel, a conference centre and a sports centre.

Hellenikon

The casino will be part of a planned €8 billion resort known as Hellenikon, which will be built by developer Lamda on the site of a disused Athens airport.

Hellenikon is expected to bring in hundreds of thousands of tourists every year, a major boost to the country's economy which has been recovering after a multi-year debt crisis.

However, the project, which is part of a post-bailout agreement between Greece and its lenders, has faced bureaucratic delays amid a long-running row with critics who fear it will damage the environment and the country's cultural heritage.

The new conservative government has pledged to speed up necessary licencing for Hellenikon and wrap up the casino tender, which are key conditions before Lamda takes over the project by the end of the year and pays €300 million in a first tranche for the project.

Hard Rock International has said that it plans to spend more than €1 billion on the project.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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