Hard Rock confirms Greek casino interest

Hard Rock International (HRI) has become the latest company to publicly declare its interest in Greece’s Hellinikon Project valued at €8bn and located at the site of the former Hellinikon Airport on the outskirts of the Greek capital, Athens.

During a media event in Athens, Hard Rock International Chairman Jim Allen confirmed his company’s offer. According to him, the company has been working on the project for more than 18 months, while construction would take between 24 and 26 months.

“We have always believed Athens to be one of the world’s great gateway cities, and Hard Rock International envisions creating a must-see destination that will help draw from the over 120m annual guests across 74 countries, driving year-round tourism and being an economic driver for Greece” announced Allen.

HRI Chairman also revealed two donations from Greek music artists to Hard Rock’s extensive music memorabilia collection, firstly from singer and songwriter Giorgos Seferis, as well as Grigoris Bithikotsis’ contribution of three pieces that pay homage to the country’s musical heritage.

The project, which currently has three bidders, with US casino operator Mohegan Gaming and Entertainment considered a front runner, is being lauded as Europe’s first integrated casino resort and the first Hellinikon investment. It will include gaming-integrated hotels, convention facilities, entertainment shows, theme parks, luxury retail and fine dining, and is set to occupy approximately 15,000 square metres of the 6,200,000 square metre Hellinikon Airport.

According to estimations, it will create 3,000 construction jobs and 1,600 permanent jobs inside the property.

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