Investments

Mohegan Gaming & Entertainment (MGE) and Hard Rock International are said to have expressed interest for a license to operate a casino on the Hellinikon premises in Greece.

The Greek government is aiming for the long-delayed Hellinikon project, an investment of 8 billion euros, to begin this year.

Two out of three investors believe that the driving force behind growth in Greece in the coming years will be tourism, according to a new EY survey.

The Greek government is pushing ahead with major investment projects, including the master plan for the development of Piraeus port.

Greece’s highest court has approved a presidential decree covering the terms of the Hellinikon master plan, including the construction of six skyscrapers along the Athenian Riviera.

The terms for the relocation of the Parnitha Casino to Marousi – scheduled for completion by 2021 – will go up for public consultation in the coming fall.

Greece’s citizen protection ministry has called off tender for the issue of new IDs, saying it will relaunch a competition for securer cards.

Greek hotel management and consulting group Zeus International has been awarded the 30-year lease of the former Kaningos 21 hotel in central Athens.

The long delayed “Hellinikon” project for the development of Athens’ former airport into a multipurpose hub, has moved to the top of the new Greek government’s agenda.

Τhree new upscale holiday resorts and a tourist village will be created on the southern part of Afandou on Rhodes, according to Atlantica Hotels & Resorts.

Lamda Development is claiming that the Greek government is creating “insurmountable obstacles” to its Hellinikon mega investment, putting the whole project at risk.

Greece’s Port Planning and Development Committee provisionally approved the master plan for the upgrade of the port of Piraeus, which includes the creation of four hotels.

Lamda Development, the consortium to take on the urban development of Athens’ former airport in Hellinikon, claims that delays on the project were strictly a result of government stalling.

Prices for holiday homes on the Greek islands are picking up with Mykonos, Santorini, Aegina, Tinos, Skopelos, Ithaki and Kythnos as top choices. 

The Hellenic Gaming Commission has approved the extension of the international tender for a casino license at Hellinikon to July 31.

Grecotel Hotels & Resorts moves ahead with its upgrade program for the Riviera Olympia & Aqua Park, in efforts to meet the high demand for services of the finest quality.

The National Bank of Greece and the EIB have launched a new green and urban infrastructure investment scheme in Greece.

The bidding process for a concession for the historic Xenia hotel on the Greek island of Chios has been launched via an e-auction.

Greece’s privatization agency has paved the way for the completion of a property sale on Rhodes for the creation of a tourism project that will include a golf course.

The Greek Tourism Ministry has approved a concession agreement for the construction of a marina on the Dodecanese island of Leros.