written and last updated by
Sam Smith at
17 Jun 2022
Journalist, Editorial Department
In the latest Government Gazette, Greece's Ministry of Finance has unveiled specific details regarding the technical specifications of the "license for the development and operation of a comprehensive casino in the Metropolitan Center." This project marks the beginning of a €1 billion investment plan for the construction of a casino and integrated tourist complex in the suburb of Ellinikon, near Athens.
On Wednesday, June 22, the Greek consortium, in partnership with American firm Hard Rock International, is expected to announce the formation of a joint venture that will manage and operate the casino and a five-star hotel.
It has already been confirmed that Hard Rock will hold a 51% stake, while GEK TERNA will own 49% of the venture. The architectural development plan is also set to be revealed at the same time. The press release notes that the integrated casino complex will represent a significant milestone in the overall investment of the Ellinikon project.
As part of this ambitious initiative, a casino spanning 15,000 square meters will be constructed, featuring gaming areas and ancillary facilities. Additionally, a five-star hotel with a capacity of 3,447 rooms and a total area of 119,980 square meters will be built.
The license for the development and operation of this comprehensive casino business is valid for a specific geographical location and has a duration of 30 years, starting from June 8, 2024. The license may be extended in accordance with relevant legislation, while the concessionaire is prohibited from transferring the Greek gaming business to another operator.
In related news, Pragmatic Play and Betway have launched a dedicated live casino studio.
