Loutraki Casino is under threat of closure

Loutraki Casino, the picturesque seaside resort west of Athens, in Greece, is facing an unglorious end, a company has repeatedly failed to pay the salaries of its employees. The closure seems imminent as its continued operation is very much in doubt.

As per the new legislation formulated for governing how casinos operate in Greece, a casino will have its operating license suspended for a couple of months if it does not pay the employee salaries are not paid within 30 days. If the salaries are not paid for three straight months, its permit will be permanently cancelled.

According to sources, Loutraki Casino has not paid its staff salary for two-and-a-half months.

This is why the Labor Inspection Squad recently visited the casino for an inspection and forwarded its findings to the gaming regulator (EEEP), which will ultimately decide on the case.

EEEP is expected to discuss Loutraki Casino’s case at its next meeting and, according to sources, the watchdog intends to invite to a hearing not only this casino but also those in Rio (near Patra in western Greece), Corfu and Syros island, as they also owe their employees money.

The government is desperate to avoid a business shutdown that would entail the loss of jobs. Just as it is trying to render attractive the license for the casino to be constructed at Elliniko, Southern Athens, it is inclined to be lenient towards an enterprise that will be to a certain extent a rival to the Elliniko casino.

Source: Ekathimerini