The Court of Auditors approved the contract between the State and GEK Terna, for the Integrated Tourist Complex with casino (Intergrated Resort – IRC), giving the possibility to sign this agreement immediately and to run the next procedures immediately, by the Tender Committee for the IRC and the Gaming Supervision and Control Committee.
It should be reminded that at the end of November, the Gambling Supervision and Control Committee completed the process for re-awarding the Casino license to Elliniko, in the form of GEK TERNA (Athens IRC). The latter has full control of the casino project, owning 100% of the Athens IRC consortium, after the departure of the American Mohegan.
What are the next steps?
Following the approval by the Court of Auditors, the next step for the project is the ratification of the tender by the Gaming Supervision and Control Committee. This is followed by the ratification of the contract by the Parliament and the granting of Casino operating licenses by the Ministry of Finance.
Then Hard Rock will join GEK TERNA (Athens IRC), with the Greek group maintaining 100% of the construction of the Integrated Tourist Complex in Elliniko.