The debt-wracked casino in Rio, western Greece, has been permitted to reopen after a court in Patra put a temporary stay on the seizure of its capital reserves.
Judges ordered the return of 89,000 euros the business kept in reserve in order to operate per the law governing casinos, after the funds had been seized before a hearing on a complaint by a few dozen workers regarding overdue pay.
The case is scheduled to be heard on October 17, prompting the Patra court to uphold a request by 110 employees of the casino’s 195-strong workforce to allow the business to operate until a verdict on its overdue debts is attained.
The Rio casino is struggling with large debts in taxes, social security contributions and overdue salaries, but it had signed a deal with workers in April to keep up with current wage payments and is in the process of developing a restructuring plan.
The stay granted by the Patra court also includes claims by creditors.
The seizure of the casino’s reserves was ordered earlier this month on the basis of a complaint by 85 workers who adhere to the communist-affiliated union, PAME.
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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
Photo Source: Wikimedia Commons Copyright: Antoine TaveneauxLicense: CC-BY-SA
Source: ekathimerini.com
