The Porto Rio Casino in western Greece will stay open, at least for now, after a court issued a temporary stay to plans to seize the debt-wracked venue’s remaining capital reserves.
The seizure of €89,000 was ordered earlier this month on the basis of a complaint by 85 of the casino’s 195 workers, all of whom are petitioning for back wages.
A judge in the city of Patra ordered the money returned so the Rio can continue to operate while the dispute is litigated. He ordered the stay at the request of the other 110 workers and several of the casino’s creditors.
The Porto Rio is struggling to pay past-due taxes, social security contributions and overdue salaries. It signed an agreement with workers in April to keep up with current wage payments while it develops a plan to restructure its finances.
The case is scheduled to be heard October 17.
