Five big names in the casino industry have expressed their interest to build a casino resort which will be located near Athens. It is actually the place where Ellinikon International Airport once existed, reveals the Hellenic Gaming Commission.
The companies which expressed their intention and interest to participate in building the mega-scheme are Melco Resorts & Entertainment, Hard Rock International, Las Vegas Sands, Caesars Entertainment, and Mohegan Gaming & Entertainment. All five of them were a part of the pre-tender consultations which were hosted by the regulator of the Greek gaming. They are planning to conduct more meetings which will be between the gaming commission and the representatives of these five companies that can be the potential investors for this big casino.
According to Kathimerini, which is a local news outlet, the main goal of these meetings is to inform the license applicants about the demands that the gaming commission has when it comes to the process of building the casino. The consultations will conclude on September 10, and after that, the Hellenic Gaming Commission should make a call for bids.
The bidding process will start then with a huge delay. Namely, the whole thing was supposed to unveil last spring, but the bureaucracy and other unexpected hurdles were the major obstacles. This time, they believe that the process will conclude and that one company will be chosen to do the works.
The gaming commission officials stated that they do not want to rush things and that it is of utmost importance to secure important details such as maximum competition, prices, and the credibility of the investor.
The company that wins the bid will have the opportunity to be a part of the grand scheme which will see the development of an integrated resort that will have more than 600,000 square meters. This will include many hotels, exhibition, convention, meeting facilities, as well as various themed attractions and other venues which are connected to entertainment. Furthermore, there will be multiple retail stores, as well as several facilities that serve food and beverage.
However, the most important thing about the whole project is the 15,000-square-meter casino. Hellenic Gaming Commission actually believes that this element is essential for the whole thing to be financially successful. The casino will be divided into an 8,000-square-feet gaming floor and the non-gaming facilities which will occupy the rest of the casino.
The bidder that gets the license will have the opportunity to be the main gaming provider in this area for the next 30 years. The whole thing is expected to open a lot of new jobs. First of all, there will be 10,000 temporary jobs in the construction and once it is finished, it will involve 70,000 direct and indirect jobs which will be connected to the complex.
The competition is indeed strong, and things that should be taken into account is that Caesars was the first operator to express interest, but Melco already builds a casino in a nearby Cyprus.
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