Winner will get 30-year exclusive license
Through April 22, Greece’s Hellenic Gaming Commission will accept applications from gaming operators who want to run the casino at a planned $8 billion resort at a former international airport near Athens.
According to the Greek Reporter, the complex will also include a metropolitan park, shops, offices, sports and conference facilities, luxury hotels, theme parks, museums, malls, cultural venues, health centers educational and research facilities and a marina.
In a statement, the commission said, “The Gaming and Audit Committee has decided to conduct an international auction for the operation of a casino operations license for a wide range of activities at the metropolitan pole of Helliniko—Agios Kosmas. The international call for proposals will be based on the most economically advantageous bid based on best value for money.”
The announcement published in the EUR-Lex Official Journal of the European Union stated that companies must submit their tenders no later than Monday, April 22 by no later than 13:00 GMT.
Contenders must be able to demonstrate minimum equity capital of at least €200 million over the last three years and annual revenue of at least €400 million for the same period, the Reporter added. The winning bidder will retain the right to develop and operate the integrated resort casino for a period of 30 years.
A list of global gaming giants reportedly interested in the license includes Caesars Entertainment, Hard Rock International, Mohegan Gaming, Groupe Barriere and Genting Singapore.
The website eKathimerini.com reports that Greek firm Lamda Development will be in charge of developing the larger Hellinikon resort with international investors, including Chinese conglomerate Fosun Group, Abu Dhabi’s Eagle Hills and the Latsis Group.
