Hard Rock submits bid for Elliniko casino
Hard Rock International was expected to be one of those interested in developing a casino in Elliniko and has finally submitted a bid.
Greece.- Jim Allen, chairman of Hard Rock International has announced a binding offer for the Elliniko casino. The official reported the company’s interest at a press conference that took place in Athens on Friday.
Allen said that Hard Rock International wants to invest €1 billion in the casino that will be located at the old Athens Airport. The project will be self-funded with €250 million, and the rest will be covered with Greek and foreign bank loans, ekathimerini.com reported.
The facility will feature a casino, a hotel, a conference centre, restaurants and more entertainment options. In order to develop the venue, Allen said that Hard Rock will respect local culture and partner with local agencies.
If selected, Hard Rock would create 3,000 new jobs in construction and 1,600 in the casino. While it is still uncertain, a possible timetable sets the completion date around late 2021 or early 2022.
Bidding companies
The bidding process for the future casino in Elliniko, Greece, will end at the end of next month. Mohegan Gaming & Entertainment (MGE), and Genting are the other companies that will bid for the Elliniko casino. Mohegan is the operator that has been the most vocal in regards to its interest in the facility.
Mario Kontomerkos, CEO of MGE has visited the country a number of times since the government announced the casino. The company has also revealed a local partner for the development. Mohegan joined construction firm GEK Terna to push for the gaming licence at Greece’s €8 billion project. GEK Terna’s “reliability, effectiveness and deep knowledge of the Greek market will help us fulfil our vision for the Hellinikon area,” MGE CEO Mario Kontomerkos said.
