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Ellinikon Mega Casino Project Put On Hold As Banks Ask For Additional Investments

The development of a mega casino project in Ellinikon, Greece, projected to make around  EUR 6 billion over 30 years is facing difficulties. As reported by the Greek City Times (GCT), the investors Hard Rock and GEK TERNA have been asked by the Banks to agree upon the financing terms different to those initially agreed, which reportedly impacts the sustainability of the entire project.

EUR 250 Million Investment:

As reported, the Ellinikon casino project project refers to the development of a 5-star hotel with 3,500 accommodation units on an area of 120,000 square meters. The development should reportedly feature a conference and showroom center, 10,000-seat arena, and 15,000 square…