International edition
September 28, 2020

The 700 million euros project could have a delay of at least six months

Hungary: Environmental impact study could delay "Eurovegas" project

(Hungary).- The deadline for the start of operation of a 700 million euros casino complex to be built near Hungarian border with Austria could be overstepped if Austria demands an environmental impact study for the project, business daily Vilaggazdasag reported last week.

P

roject company Errichtung Eurovegas Hungary, owned by Austrian developer Supersberger Projektentwicklungs, signed a concession to contract to operate at least five casinos in 2006. The contract stipulates that the first casino must start operating by November 1, 2010.

If Austria asks for an environmental impact study for the project, which it would likely do no earlier than January, it could result in a delay of at least six months, experts told the paper. If the project company fails to meet the November 2010 deadline, Hungary may break the concession contract, according to the Finance Ministry.

Supersberger managing director Alfred Supersberger does not count on a significant delay for the project. Errichtung Eurovegas plans to build two casinos and two luxury hotels between Bezenye and Hegyeshalom. Further developments could be made later, depending on the success of the casinos.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook