International edition
September 28, 2021

With a 5 billion euro investment

Casino city "Euro Vegas" project set to begin in Hungary

(Hungary).- Hungarian authorities are expected to issue a building licence for a large development project dubbed “Euro Vegas” near the Austrian border in north-west Hungary within the next few weeks, business daily Napi Gazdasag reported. Developers will spend around 5 billion euros on the project during the period of ten years.

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ocal council officials in Bezenye, where the project is planned to be built, and nearby Mosonmagyarovar told the paper that the Austrian environmental authorities had recently approved the project. Financing appears to be secure: one of the world's largest casino operators, Hard Rock International, is a big investor, the paper added.

The Euro Vegas project is planned for a 335-hectare area near Bezenye by Phase Asset 1, a company registered in Mosonmagyarovar last November. Under the first phase of development, expected to start this year, a 24-floor luxury hotel with 316 rooms is to be built, including a conference centre with a capacity of 4,000 people, casinos, restaurants and a thermal spa.

The construction works of the casino city to be built in the Bezenye, South Hungary, are to be started in a few days' time, after two years of silence, business weekly Figyelő’s latest issue published today. The project will be completed in about ten years.

Under a concession contract signed with Hungarian state, the first casino in Bezenye had to start operating by November 2010. In line with the contract, annual budget revenues of 1 billion forints per casino are expected from Euro Vegas, the paper said.

The preparation of an entertainment park of more than 300 hectares at the edge of Bezenye, a town near the Slovakian-Austrian-Hungarian border, has been going on for ten years, so far without any tangible result. “Eurovegas”, invented by Austrian businessman, has been called the European version of Las Vegas by the Austrian weekly paper, Format. The investment will create around 8,000 new workplaces.

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