New casino in Greece attracts US investors

Initially, the construction of the new Ellinikon casino on the site of the former Athens airport in Elliniko attracted the attention of six foreign investors, but now there are three left, these are US investors – Mohegan Gaming and Entertainment, Hard Rock Cafe and Caesars Entertainment. Previously, Las Vegas Sands, French company Barriere and a conglomerate of small investment companies were also interested in the construction of this casino.

Real estate development company Lamda signed an agreement to build a complex resort on the site of the former Athens airport in Elliniko in 2014, and the Greek gambling commission began discussing the project with operators only at the beginning of August this year.

According to the Greek Gambling Commission, the new casino resort will be able to transform Athens, as well as raise the standard of living of many Greeks and attract many tourists, which will contribute to the country’s economic growth. According to preliminary estimates, the integrated resort "Ellinikon" can increase Greece’s GDP by 2.4%, attracting about a million tourists.

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