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Mohegan Teams Up with GEK Terna to Bid for Casino at Greece’s Hellenikon Project

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6 years ago

July 8, 2019

Niji Narayan

Mohegan Teams Up with GEK Terna to Bid for Casino at Greece’s Hellenikon Project

Photo Source: cybevasion.fr

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Greek contractor GEK Terna has teamed up with U.S. casino operator Mohegan Gaming & Entertainment to bid for a casino at Greece’s Hellenikon Project. The Terna–Mohegan partnership is the first group to announce its intention to bid.

Backed by Chinese and Gulf funds, Lamda Development plans to turn the disused Hellenikon airport in Greece’s capital into a complex of luxury residences, hotels, a yachting marina and a casino.

Greece’s gaming regulator has set July 31 as the deadline for the submission of bids for the casino. The bidding process requires a minimum offer of 30 million euros to operate the casino for 30 years.

Lamda said that the Greek authorities were insisting the culture ministry to approve all projects at Hellenikon, which the firm said put the development at risk.

Prime Minister Alexis Tsipras’s government in turn accused the developer for trying to change the terms of the project by including more buildings to maximise profit.

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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.