Greece In Search Of A Workaround For Delayed Licensing Casino Hellinikon

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April 27, 2022
2 minutes

Problem greek project hellinikon, involving the creation of an integrated resort, again chained attention. The fact is that the construction of the complex can begin earlier than the final decision to licensing operators will be made.

Greece in search of a workaround for delayed licensing casino Hellinikon

According to the local media ekathimerini, greek gambling regulator – gambling commission (eeep) – announced plans for the first working week of the year – january 10-17. It became known that he is preparing for the assembly, the main purpose of which is to discuss the benefits of gambling operators who submitted licensing applications.

We remind you that the project hellinikon worth €8 billion will be managed only by one license.

Two american gambling companies will compete for the license – hard rock international (hri) and mohegan gaming & entertainment (mge). However, in relation to the first there were concerns due to to the lack of some documents required to obtain a license.

At the same time, the company expressed his willingness to send official petition in courts if the consideration of its application will be postponed. And mge threatens to file a lawsuit if hri documents are primarily attached during the licensing process.

Even after the court will support one of the parties, the license must be approved on several government levels. Journalists report that the licensing process will be completed at the best time in the summer of 2020.

The fact that the construction company lamda development, which manages the creation of an integrated resort, cannot start working until the license is issued for the right to control the object. In addition, the government expects a payment from lamda in the amount of €300 million, which can only be obtained whe starting construction work.

For this reason, the government to begin construction work, without waiting for a license solution.

Recall that the terms of the licensing of ground casinos in greece were changed last year.

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