Greek regulator faces pressure to launch $9B Hellinikon casino tender

The Hellenic Gaming Commission (HGC) is being pressured to launch a casino tender on or before August 30 in order for Greece to move ahead with the long-delayed €8 billion ($9.33 billion) Hellinikon project.

GTP Headlines reported that the HGC has been given until next month to launch the casino tender since the privatization of Athens’ former Hellinikon airport hinges on the issuance of a license to a casino operator.

“If there is interest in the casino license, the privatization process will move ahead swiftly,” an unnamed privatization source told the news outlet.

Greece is bent on making the integrated resort casino business a reality to assure international lenders that the country has sufficient revenue streams to pay back its debt. The Hellenic Republic has been on financial life support for eight years after the Eurozone plunged into a deep financial crisis in 2010.