Tag: Greece

Greek regulator moves forward with Elliniko casino tender

Greece Elliniko casino tender
The Hellenic Gaming Commission has finally launched the tender for a 30-year casino concession at the site of Athens’ former airport in Elliniko.

Greek government makes headway on new casino licensing framework

Greece, government, new casino, licensing, Hellinikon
Greek lawmakers are moving forward towards the introduction of new legislation which may expedite the development of a casino as part long-delay €8bn Hellinikon resort project. On 6 December, Greek parliamentarians debated a new Finance Ministry amendment to Law 4512/2018 which sets out the terms and conditions for casino operations in the country. The amendment would see the establishment of a...

And then there were three: major operators pass on Elliniko casino licence

The tender for a casino licence as part of a multi-billion-euro Hellinikon integrated resort project continues to experience delays while only three US operators remain in the running. Of the six operators originally said to be interested in bidding for the casino concession at the former site of the Ellinikon International Airport in Athens, three have since pulled out. Las Vegas...

European news round up: Ireland to open Hard Rock while Greece caught between rock and hard place

Dublin
In Ireland, Hard Rock International has announced plans to open a new 120-room boutique hotel in central Dublin, in partnership with local hotel operator Tifco. The venue will occupy two existing structures which are due to be extensively remodelled, while the firm aims to open the four-star Hard Rock Hotel Dublin by the end of 2020. “This is an exciting opportunity...

Casino licence tender for Hellinikon IR finally ready for takeoff

ICR 192 EUROPE GREECE
A number of major operators are reported to be interested in the licence to develop a casino as part of the €8bn Hellinikon project in Athens. Five major gaming operators have expressed interest in the casino licence at the former site of the Ellinikon International Airport in Athens following pre-tender consultations with potential investors by the national regulator. The Hellenic Gaming...

Government: Elliniko casino tender to launch by the end of August

ICR 190 EUROPE ELLINIKO
The bidding process for a casino licence at Elliniko, part of a multi-billion-euro integrated resort project at the site of the former Hellinikon airport near Athens, is set to launch by the end of August. According to a list of 35 pending privatisation actions issued by the Greek government, the Hellenic Gaming Commission will announce the tender by August 31....

Players ‘go for gold’ in Ancient Greece with Betsoft’s latest release The Golden Owl of Athena

THE GOLDEN OWL OF ATHENA
Ancient wealth and wisdom await players in The Golden Owl of Athena, the new 5x3, story-focused slot game from Betsoft Gaming. Set in Athens at the height of the age of antiquity, The Golden Owl of Athena takes players on a guided tour of Greek mythology. When players arrive in ancient Athens, the golden owl becomes their guide – leading the...

Loutraki casino could face closure due to late wages

ICR 189 EUROPE GREECE
Club Hotel Casino Loutraki could be facing closure, as the operator’s failure to pay employees' salaries has put the property’s future in doubt. New gaming regulations introduced earlier this year stipulate that if employees are not paid within 30 days, a casino's operating licence will be suspended for several months. If this occurs on three successive occasions, the permit is permanently...

Elliniko airport project delayed on takeoff by further legal challenge

The long-delayed E7bn redevelopment of the former Athens airport in Elliniko has hit a further snag following a third legal challenge by residents opposed to the project. The move comes just a few months after the Council of State - Greece’s highest administrative court - approved a presidential decree allowing construction work to get underway at the site. In February, the...

Greece finalises Hellinikon project in time for bailout

hellinikon greece
Greece’s Council of State has finally approved a E8bn integrated resort development in Athens after four years of legislative delays.   The development, built on 620 hectares of the former Hellinikon airport, is a venture between local firm Lamda, the Fosun Group and Abu Dhabi developer Eagle Hills Properties, jointly named The Global Investment Group. “The Hellinikon Project investment is expected to...

Greek government approves new casino bill

greece greek
The Greek government has passed a raft of reforms to the country’s gambling legislation this January. The 1,500-page bill includes key changes to the tax status of casinos and plans for new casinos licences for Crete, Santorini, and Mykonos, in addition to allowing the country’s current gambling establishments to relocate. Under the new law, the Hellenic Gaming Commission will be...

Developer looks for ‘political will’ over E8bn Elliniko investment

elliniko lamda
Greek property developer Lamda has stated that it is ready to move forward with plans to develop an integrated casino resort at the disused Elliniko airport site, provided that the country’s left-led government shows the necessary political will to see the project through. Situated to the south of Athens, the E8bn development, dubbed The Hellinikon, will include a casino, hotels...

Greek government aims to vote on casino reforms in January

greek
Athens is looking to vote on new gambling reforms this January but will they be a game changer in terms of spurring investment?   The Greek government is expected to vote on new reforms to the country's gambling legislation this January, with initial reports suggesting that the casino bill has the necessary political support required for passage. Finance Minister Euclid Tsakalotos...

Eurocoin Group celebrates opening of 11th European office in Athens

Colin Veitch Eurocoin Athens Office
Eurocoin has expanded its already extensive European footprint with the opening of a new Greek E-Service office in Athens.   Situated in Athens, the technical service and support operation raises the total number of offices which operate under the Eurocoin Group umbrella to 11, underlining the company’s commitment to provide a fully integrated support service which meets the demands and nuances...

Greece to open up casino market as OPAP eyes online monopoly

ancient-greek-art-H opap greece
In a bid to cool its creditors, Greece extends an olive branch to its gaming market with stimulating tax cuts planned for the casino sector. But as the 24 temporary online gaming licences reach their expiration, resident operator OPAP, is once again pushing for monopoly status.   Greece remains one of the most promising gaming markets in Europe, but policy post-2010...

Greece seeking to attract international investors with casino tax reform

syriza_tsipras_ap_img tax reform
  The Greek government is considering tax reform on casino gambling in a bid to make its national market more attractive to foreign companies.   Greek news source Ekathimerini reported that the government, currently led by the Syriza Party, may move to present new legislation to the Economic Ministry aimed at luring investment into the debt-ridden country. Ministers may table a consultation reviewing...

BEGE Expo and EEGS shift gear in tenth year

BBI - BEGE EEGS Sofia
Two key announcements have been made as the Balkan Entertainment & Gaming Expo (BEGE Expo) and the Eastern European Gaming Summit (EEGS) prepare to celebrate their 10th anniversary. As both BEGE and EEGS mark a decade of hosting trade events, the show organisers have made two major announcements for this year’s editions. BEGE will expand its growing floorspace across an...

Athens to see new integrated casino resort

Casino Review - Athens to see new integrated casino resort
Following last month’s announcement of Europe’s first integrated resort in the Republic of Cyprus, a similar venue could now be in the works for Greece, following the passage of legislation through the country’s parliament.   At the height of the 2010 Euro crisis, a polemic headline in the German tabloid Bild bid the beleaguered Greek government: “sell off your islands...

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