International edition
August 23, 2019

The decision was issued Feb 22

Greece gives green light to new casino license tender

Greece gives green light to new casino license tender
Property developer Lamda signed a 99-year lease with the state in 2014 to convert 620 hectares of wasteland at the former Hellenikon Athens airport into a complex of luxury residences, hotels, a yachting marina, including a casino.
Greece | 02/26/2018

The government has announced that it has authorized its gambling committee to launch a tender for a new casino license removing another obstacle for a major tourism project in Athens, which is a key conditionality of the country’s international bailout.

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reece is set to start a casino licensing procedure for a major tourism project in Athens. The decision was published in Feb. 22 Government Gazette, the same day as Greece’s top administrative court approved the project’s development plan.

A finance ministry official told Reuters that an advisor for the tender would be hired soon.

Property developer Lamda signed a 99-year lease with the state in 2014 to convert 620 hectares of wasteland at the former Hellenikon Athens airport into a complex of luxury residences, hotels, a yachting marina, including a casino.

Progress on the project, which has been beset by delays, is being watched closely by Greece’s creditors as a test of the government’s commitment to privatizations under its multi-billion euro bailout.

Yogonet.com / Reuters
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