The Greek state and Lamda Development, the lead partner in a consortium that has won the concession for the massive Helleniko property investment in coastal southeast Athens, have reportedly concluded negotiations over a gaming license for the site, naftemporiki.gr reports.
The contract for the Helleniko site includes a provision for the construction and operation of an “Integrated Resort Casino” within the property development deal, something that the consortium considers as imperative in proceeding with the investment.
A new casino at the site is billed as the first commercial exploitation at the property, expanding across 20 hectares and with a budget of between 500 to 700 million euros.
The contract provides for a percentage of the gross gaming revenue to boost state coffers on an annual basis.
Interest until now has been mostly expressed by the Caesars Entertainment and Mohegan Gaming & Entertainment, along with Hard Rock International, Malaysia’s Genting group and the French Groupe Barriere.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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