Caesars Entertainment bids for Elliniko Casino in Greece
Caesars Entertainment has announced interest in bidding for a casino license at Elliniko, as the Greek government is preparing to launch a tender. On Thursday, the Council of State authorised plans to turn Elliniko into a multi-purpose complex that will include hotels, luxury apartments, amusement parks and a casino.
On Thursday, the Council of State authorised plans to turn Elliniko into a multi-purpose complex that will include hotels, luxury apartments, amusement parks and a casino.
The casino license is a prerequisite for an investment of 8 billion euros by property developer Lamda for the renovation of the site. Greek media report that the casino will operate in an area of 15,000 square meters and will be the first integrated holiday complex – Integrated Casino Resort – in Europe. The complex will be housed in one of the skyscrapers to be built in the area, with gambling halls will occupy 8,000 square meters.
Greek media report that Caesars Entertainment has already expressed interest in participating in the contest for a 20-30 year casino license. Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on three continents.
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