First there were six, now there are three. A planned casino in Elliniko, Greece initially drew interest from six casino operators, but there are now only three, and they’re all from the U.S.
Las Vegas Sands and France’s Group Barriere, as well as a conglomeration of smaller investment enterprises, were once in the running for the casino, but now all that remain are Hard Rock Café, Caesars Entertainment and Mohegan Gaming and Entertainment. In the days that follow, there should be additional clarification on the casino concession and discussion who might ultimately end up with the permit.
The casino will be built on the site of the former Athens airport at Elliniko. Negotiations to determine the operator have taken more time than initially anticipated and the final decision will more than likely not be announced until next year. In fact, it could be delayed to the end of March or the beginning of April.
The Hellenic Gaming Commission (HGC), which grants casino licenses in Greece, began discussing the casino project with operators at the beginning of August. A property development company, Lamda, signed an agreement with Greece in 2014 to covert 620 hectares (approximately 1,532 acres) at the site of the former airport into an integrated resort, complete with luxury residences, hotels, casinos and a yachting marina.