The winning bidder for a casino license for the €8 billion Hellinicon integrated resort likely to be announced in the first quater of 2019.
Local news outlet Kathimerini reported that out of the six international companies that had previously expressed interest in obtaining a casino license, just three have remained consistent in their bid to participate in the mega-scheme. Caesars Entertainment Corp., Hard Rock International, and Mohegan Gaming & Entertainment are reportedly the three companies that will take part in the bidding process, which is yet to be launched.
Previously, Las Vegas Sands, France’s Group Barriere, and Melco Resorts & Entertainment, which is currently developing an integrated resort in the Republic of Cyprus, had shown interest in the major development project.
The Hellenic Gaming Commission launched in August a one-month consultation process, seeking input from interested candidates for a license for the casino portion of the integrated resort plan ahead of the official launch of the bidding process. The gaming regulator accepted comments from interested casino companies until September 10 and was expected to launch the tender process shortly after.
According to Kathimerini, the contractor that will develop the integrated resort will release the terms of the casino concession in the coming days. The preferred bidder for the license was expected to be announced by the end of the year. However, the news outlet reported that given the fact negotiations have taken longer than originally planned, an announcement should not be expected this year. It is believed that the winning bidder will be revealed by the end of March or around Easter 2019.
Source: GMB / Casino News Daily
