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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
Source: Latest News on European Gaming Media Network
