
Further progress is expected in 2023 with regards to major investment in casinos, a market that has generated €595 million in player tax and government royalty revenue for the state over the current ten-month period. The focus is on the casino, which is an integral part of the Integrated Tourism Complex (ITC) in Elliniko, Mont Parnes, which will be moved to Marousi, and the casino, which will be built in Gournes, Heraklion, Crete.
For the casinos, part of the IRC launching in Elliniko to be implemented by GEK TERNA, EEEP has submitted a proposal to the Ministers of Finance and Development for assistance in a standing technical committee to resolve problems that may arise. The said task force “in cooperation with the concessionaire will constantly monitor the development of investments, identify and analyze emerging problems and make recommendations for their solution to the competent decision makers,” according to a recent regular EEEP newsletter. . As an assessment, the independent body characterizes as an important event the full involvement in the project of the American group Hard Rock, which has already acquired a large share of the shares of EKAZ Hellinikon, which has been granted an IRC license. GEK TERNA will invest 1 billion euros to build an integrated hotel and casino complex, which will include a 3,450-bed super-luxury hotel, a 23,700 sq. m. convention and exhibition center. with a capacity of 10,500 people.
State revenues from this market for ten months from January to October of this year reached 595 million dollars.
On the project of relocating the casino “Mon Parnes” in the estate of Delavery in Marousi, the completion of the legislative development of the draft Presidential Decree by the State Council is expected. It is expected that once the Council of Europe gives the green light, the five jointly competent ministries will proceed with issuing a Presidential Decree (with time limits, conditions and procedural limitations) to make an investment of more than US$200 million. euro can start.
For casinos in Gournes, Heraklion, Crete, EEEP will carry out all the prescribed procedures in 2023 to launch a tender for a license. At this stage, the Authority is in constant contact with the bidder, the tech company Reds, in order to better prepare the tender, “using the experience and best practices of the Elliniko casino tender”, as stated in the EEEP. bulletin . About a year ago, the Reds offered 40 million euros in a TAIPED e-tender for a fifty-year concession contract for a 345-acre site at the former US base at Gournes.
Source: Kathimerini

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