The two international competitors, Hard Rock International, and Mohegan Gaming and Entertainment are emerged to develop a casino to the former Greece Hellenikon International airport site which is near to Athens, the capital of Greece.
According to the casino arm of Mohegan Tribe of Connecticut, Mohegan Gaming said that Greek Conglomerate GEK Terna is working with them and they will be a part of the Hellenikon development project. In the previous month, it was revealed that Hard Rock bid $1.1 billion on a gaming venue, i.e., on the deserted airport site. It was last used in 2001. The total estimated cost for this renovation is close to $9 billion. Other than the resort, the developers are also planning to have high-end residences, convention center, a marina, dining options, and many more attractions.
The chief executive of Mohegan Gaming and Entertainment (MG&E) of Connecticut, Mario Kontomerkos, said related to the Thessaloniki International Fair (TIF) that his company is still looking for the license of the game.
The two gaming companies, i.e. Caesars Entertainment and Genting Malaysia were competing with Hard Rock and Mohegan Gaming for the Greek license. But, due to bureaucratic delays and other factors, the companies lack their interest in the project. One month ago, Caesars dropped out of the project of Athens casino. But, Genting is still interested in the deal but not much than Hard Rock and Mohegan Gaming.
At the end of the previous month, the lawmakers of Greek signed off to advance the Hellenikon resort plan. Some terms and conditions are offered to the bidders, and the deadline date of 30th September 2019 is given to the government to decide the winning party.
Kontomerkos of Mohegan Gaming said that his firm had been delighted by the efforts of the New Democracy government to increase the efficiencies to move the project. Syriza party, the former government was blamed for the delay in the redevelopment of Hellenikon airport by four and a half years.
The Hellenic Gaming Commission (HGC) has confirmed that the resort will include convention facilities with at least 500 slot machines and 100 table games. The company will get a license for gaming for 30 years in Athens. The nearby casino to Athens is the Regency Casino Mont Parnes in Acharnes, but it is 25 miles away from the capital of Greek which means that the winning bidder for the Hellenikon plan will have a geographic advantage in the most visited city of the country.