The Development and Investments Minister of Greece Adonis Georgiadis on Thursday stated that long-awaited Greece integrated resort casino license of 8 Billion euros Hellinikon Project is officially on. The project will be built on the site of Athens, which was earlier Elliniko International Airport.
The Greece integrated resort casino now hopes to boost finally after the government gave the deadline for bidding on the Hellinikon Project.
The project has been hampered by the government delays, basically on the issuing of three important decisions on the project’s environmental impact, its metropolitan park and the project’s only casino.
Those parties who are interested in submitting their bid will have October 4 the final date, which is five days later than the 30th September deadline.
The previous government failed to decide on a time. The new government had earlier fixed the date to September 30 and had requested the interested operators to submit offers on the 30-year monopoly casino.
Two joint ministerial decisions were approved in this week that had been holding the Hellinikon Project which dictated the terms of the casino tender. Two more joint ministerial decisions involving urban planning and zoning regulations are expected to join next week.
Three parties like Hard Rocks International (HRI), Mohegan Gaming & Entertainment (MGE), and Genting are trying to bid for the Hellinikon license. There are also reports about signing a joint venture between Mohegan Gaming & Entertainment and local construction giant GEK Terna.
One of the bidding parties Genting is yet to confirm its interest in the Hellinikon tender. On the other hand, Hard Rock International CEO Jim Allen vows to spend 1 billion euros on the Athens casino project and is likely to be constructed between 24-26 months. There was no update from HRI whether it has teamed up with any local JV partner.
For submitting the new anti-money laundering bill, it is required to submit a report by the gaming operators for all individual’s transaction exceeding 2k euros.