A New Casino Resort will be built soon on the sea coast in Athens, Greece

Great news for casino players who like Greece. An $8-billion integrated resort with a gaming floor will appear soon near the capital of Greece. Tourists will have more reasons now to visit this amazing city.

The resort will be built on a former airport land. Since the Ellinikon International Airport was closed in 2001, the land of 620 hectare has been mainly unused. The local developer, Lamda Development, in a partnership with a group of Chinese and Abu Dhabi investors, is planning to redevelop the land. The aim is to convert the area into a multi-billion coastal resort. Among the  hotels, residential buildings, attractions, food, beverage and retail facilities there will be a super casino for tourists and local players.

As the project is a part of the state policy of privatization, the program will be closely watched by the country's creditors.

A new magnificent casino will be built at the most popular tourist destination

Green light for the casino

The Greek government has given green light to the national gambling regulator to prepare and launch the tender process for the license required in order for the casino to run successfully and legally.

An adviser will be hired soon at the Greek Ministry of Finance for the upcoming tender. Las Vegas casino giant Caesars Entertainment Corporation has shown readiness to apply for a license to operate the casino of the planned coastal resort. This is at the bottom of Caesars policy to expand their business across all the famous tourist destinations.

Financial expectations

From the building of the coastal resort massive benefits are expected for the residents of Greece. On the first stage 10,000 new jobs will be created just for the construction. And after the resort starts running nearly 70,000 jobs will be available within the first five years.

A big portion of income will be generated for Greece by the casino, too. The general popularity of Greece will be increased too. With the construction of this luxurious coastal resort tourists and local can indulge in the environment of top quality gambling.