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An unexpected bid for the Hellinikon project

31 January 18 - RE+D Magazine
An unexpected bid for the Hellinikon project

COMPANIES

Zeus

Fund - GREECE

PEOPLE

A public tender is to be launched by the end of February in order the Greek government to conclude on the operator of the Casino in Helliniko investment project.

 

There is expected a strong investment interest for the operation license that shall be granted to the successful bidder shortly after the conclusion of the tender.

According to ered.gr one of the prospective bids is about to shake the Greek domestic market. It is being reported that a Las Vegas Casino operator is to file a competitive bid for the Casino in Helliniko.

The rumored bidder is expected to lead a joint venture owning a stake of at least 70%. Ered.gr cites that of similarly unexpected shall be the Greek partner in the venture.

The Greek firm has been operating in the casino industry and is reportedly closely associated with the Greek government.

According to the Hellinikon investment’s prerequisites the Casino’s development should not span more than 15.000sqm.

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