One way is to suspend its work for two months. Casino Rio following the rejection by the Patras Court of First Instance of an application for provisional relief for future claims. The application that was filed by his administration fund Glafka Capital after it was not checked consolidation planwas not accepted by the court with the main intervention of the workers, Public and from insurance funds.

“Although our agreement provided for the full repayment of workers’ claims, except for interest, their main intervention was against the provision of temporary protection. Following this, we give up our share in the Rio casino, which, in the event of liquidation, has no value. In the future, employees will lose claims of about 5 million euros, the amount of which is many times higher for the state and insurance funds,” Mr. Nikos Mylonas reports to “K”.co-founder and managing partner of Glafka Capital.

The British investment fund Glafka Capital with Greek interests is now focused on the consolidation projects of the casinos of Alexandroupolis and Corfu. The former is awaiting a court ruling on the request for recognition of the consolidation agreement, and the corresponding application for the Corfu casino, recently filed with the Court, will be heard on June 6 in the multilateral court. first instance of Corfu.

Glafka Capital has invested €1.7m in the Rio casino, whose creditors, after its restructuring, will receive a total of €26.6m, or 11% of all debts, an interest that is estimated not to exceed 0.3% if the company will go bankrupt. .