Greece rushes to start Elliniko project

The Greek government wants to start the development of the upcoming casino, to be located at the Elliniko former airport.

Greece.- Greece is awaiting a new casino resort in Elliniko, and the government wants to rush the process in order to start the development of the facility. Once completed, the facility would become the largest private investment in Greece.

On August 27, Greece is likely to approve three ministerial decisions involving the park, the coastline development and the casino, Ekathimerini reported. A fourth decision involves other construction issues, and it would be approved by August 30.

Adonis Georgiadis, Minister of Development, said that the processes will be done on schedule, despite the fact that seven ministries being involved complicates the development. Moreover, he said that he expects the casino bid to be successful and that the extension deadline remains as September 30.

The operator that wins the bid will be in charge of the creation of an Integrated Resort Casino (IRC) to be built over more than 600k square meters. Moreover, the operator must invest no less than €1 billion in the property.

Greek gambling monopoly appoints new CFO

OPAP, the fourth-largest betting firm in Europe by revenue, has announced that Pavel Mucha has been appointed as the company’s new Chief Financial Officer (CFO). The news came just a few weeks after the company announced that Michal Houst would be stepping down from his position.

Currently, Mucha is Chief Financial Officer (CFO) at Sazka Czech National Lottery Provider, a member of the SAZKA Group. He will succeed Houst after he leaves the company in late September.