Greece’s long-delayed integrated resort casino plans may finally go ahead after the government unveiled its equally overdue casino regulations.
On Thursday, Greek parliamentarians debated a new Finance Ministry amendment to Law 4512/2018 that would establish terms and conditions for the operation of casinos. The new rules will be of particular interest to would-be operators of gaming facilities in the proposed €8bn Hellinikon resort project on the grounds of the old Athens international airport.
The new rules establish a two-tiered casino licensing regime: “single-entry” licences would apply to operations tied to four-star hotels, would have a 15-year duration and would require minimum paid-up capital of €500,000 (rising to €5m after five years).
