Only two companies now remain in the race for Greece’s Hellinikon integrated resort project.
Greece’s Hellenic Gaming Commission (HGC) announced Friday that Hard Rock International (HRI) and a consortium led Mohegan Gaming & Entertainment (MGE) have officially tendered their bids for the casino project within the stipulated time.
The Hellinikon integrated resort project is estimated to cost eight billion euros. It would be developed on the site of Athens’ old international airport.
The deadline for gambling operators to submit a proposal had been extended multiple times due to several factors including the official approvals and bureaucracy.
Earlier in August, US-based Hard Rock International announced that they are in the race for an integrated casino license in Athens.
Making public its bid, Chairman and CEO of Hard Rock International, Jim Allen said: “We have always believed Athens to be one of the world’s great gateway cities and Hard Rock International envisions creating a must-see destination that will help draw from the over 120m annual guests across 74 countries, driving year-round tourism and being an economic driver for Greece.
The gambling operator has also confirmed that if they are awarded the project it would take them about 24-26 months to complete the construction work.
The site, 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.