February 23, 2018 / 3:46 PM / in 8 months

Greece starts casino licensing procedure for major tourism project

ATHENS, Feb 23 (Reuters) - Greece gave the green light to its gaming committee to launch a tender for a new casino licence, removing another obstacle for a major tourism project in Athens, which is a key conditionality of the country’s international bailout.

The decision was published in the Feb. 22 Government Gazette, the same day as Greece’s top administrative court approved the project’s development plan.

A finance ministry official told Reuters that an advisor for the tender would be hired soon.

Property developer Lamda signed a 99-year lease with the state in 2014 to convert 620 hectares of wasteland at the former Hellenikon Athens airport into a complex of luxury residences, hotels, a yachting marina, including a casino.

Progress on the project, which has been beset by delays, is being watched closely by Greece’s creditors as a test of the government’s commitment to privatisations under its multi-billion euro bailout. (Reporting by Lefteris Papadimas, editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below