Greece has extended the deadline for submission of a bid for the new Hellinikon casino. The Hellenic Gaming Commission (HGC) has extended the deadline for the third time.
The gaming commission has been seeking applications from both local and overseas developers and gambling companies to develop a casino resort on the Athens Riviera. The new casino is expected to have a gaming venue along with a luxury hotel and also a conference hall. The site chosen is the out of service airport in Elliniko.
Earlier the deadline for submission of application was 31 May. However, extending it for the third time, the Greek authorities have extended the deadline for one more month. Now the companies vying for the casino development contract will have up to 28 June to tender their applications.
While in earlier extensions the gaming commission had announced the reasons, this time the extension has been published without specifying why the decision was taken.
The integrated resort project is expected to cost around $8 Billion. Earlier the gaming commission had extended deadline citing they were expecting more companies to bid and also because there were many pending decisions from several different authorities for the project to take off.
The site, the Ellinikon International Airport was closed down in 2001. It had been one of the famous international airports in Greece for the last sixty years. Then following the crisis facing the country, as a part of the privatization policy that came in 2010, the airport site was to be redeveloped into an integrated resort.