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Potential investors keep backing out of Elliniko casino project

Published

7 years ago

October 23, 2018

Niji Narayan

Potential investors keep backing out of Elliniko casino project

ekathimerini.com

Reading Time: < 1 minute

The much-touted casino project for Elliniko, in Greece, has suffered a set back as most of the international companies seem to have lost interest in the project. Among the six company that had shown interest originally, only three US-based companies remain in the fray now.

Those who still remain interested are Caesars Entertainment, Hard Rock Cafe and Mohegan Sun tribe’s Mohegan Gaming & Entertainment.

According to local media, the terms of the concession by the contractor set to develop the property to the bid’s winner should be resolved over the next few days. However, the process – most likely – would not see a preferred company announced before 2019, as it has been delayed and lasted longer than it was originally expected.

The Elliniko casino project requires the development of an Integrated Resort Casino (IRC) to be built over more than 600k square meters, which will house hotels, convention centres, themed attractions, a 15k square-meter casino and other attractions. The chosen operators will be announced by March 2019.

Source: FocusGN

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.