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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.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mohegan Teams Up with GEK Terna to Bid for Casino at Greece’s Hellenikon Project
