Hellinikon casino project gets delayed again
The government announced it has pushed back the deadline for the Hellinikon casino licence process yet again.
Greece.- The Greek government continues to struggle with its Hellinikon casino project. The €7.1 billion project has been delayed for the last 12 years and was pushed back yet again.
The authorities announced they were looking for bids for an operator, but have pushed back the deadline yet again. The original one had been set at April 22 but was moved to May 31, 2019. According to local media, issues pertaining to zoning caused the new delay.
Ceasars Entertainment, Mohegan Gaming, Hard Rock and Genting have shown interest in the Hellinikon casino project. The winner will be awarded with a 30-year licence.
“The International Tender will be conducted on the basis of the most economically advantageous offer based on the best price-quality ratio. Interested Parties will be able to receive information about the Tender by accessing the Virtual Data Room (VDR), which contains the Concession Agreement Documents in digital form and other supporting information,” detailed the statement from the commission when the tender was launched.
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 which will include hotels, convention centres, themed attractions, a 15k square-meter casino and other attractions. Moreover, the operator must invest no less than €1 billion in the property.
