Greece Searching Investors for Hellinikon Casino Tender

Mohegan Gaming & Entertainment (MGE), a master developer and operator of premier global integrated entertainment resorts and Hard Rock International (HRI), one of the most globally recognised companies which is known for its collectible fashion and music-related merchandise have been shortlisted as the two parties vying for a license to operate a casino on the Hellinikon premises, Greek media report.

According to news reports, representatives from the companies met with Development & Investments Minister Adonis Georgiadis in Athens, conforming their intention to bid in the ongoing tender which ends on September 30.

MGE has collaborated with local construction giant GEK Terna and Hard Rock Casino with Intrakat.

Georgiadis, who is overseeing the coordination and implementation of the Hellinikon investment along the Athenian Riviera, has repeatedly expressed his intention to set the stalled 8-billion-euro project into motion as well as take all the necessary steps for the finalisation of the pending casino license.

In the meantime, the ministry is considering a series of joint ministerial decisions focusing on the spatial requirements for the integrated casino resort, changes to a previous government decision concerning the metropolitan park, as well as on development zones and spatial planning requirements.

“We are on the timetable,” said Georgiadis of the project, which cannot proceed without the issue of the final casino license.

Georgiadis added, “September 30 is the closing date of the competition, which should not be extended.”