Greece gives green light to new casino license tender
Greece is set to start a casino licensing procedure for a major tourism project in Athens. The decision was published in 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 privatizations under its multi-billion euro bailout.
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