Terna, Mohegan to bid for casino at Greece's Hellenikon project

Greek contractor GEK Terna said on Thursday it has teamed up with US casino operator Mohegan Gaming & Entertainment to bid to build a casino inside a planned 8-billion-euro tourist resort on the Athens coastline.
Backed by Chinese and Gulf funds, Lamda Development plans to turn the disused Hellenikon airport in Greece's capital into a complex of luxury residences, hotels, a yachting marina and a casino.
After pushing back the process three times, Greece's gaming regulator has set a July 31 deadline for the submission of bids for the casino. The bidding process requires a minimum offer of 30 million euros to operate the casino for 30 years.
The Terna-Mohegan partnership is the first group to announce its intention to bid, in a boost for the project beset by delays and a long-running row with critics who fear it will damage the environment and the country's cultural...

Continue reading on: