The consortium led by Mohegan is offering 150 million euros for the license of the Greek casino

FILE PHOTO: An aerial view of the former Hellenikon airport complex, Athens, Greece, 25 August 2019. REUTERS / Alkis Konstantinidis

ATHENS (Reuters) – A consortium led by US casino operator Mohegan Gaming & Entertainment [MOTGA.UL] has offered 150 million euros ($ 176 million) for a license to build and operate a luxury casino resort in Athens, a Greek minister said late Wednesday.

Mohegan and his Greek partner GEK TERNA HRMr.AT had advanced to the next stage of a long-delayed tender for the construction and operation of a 30-year casino resort on the site of the former Hellenikon airport, part of an 8 billion euro redevelopment plan by the Greek developer Lamda LMDr.AT.

The Greek games commission, which runs the race, opened Mohegan’s financial offer on Wednesday, development minister Adonis Georgiadis told a Greek television station.

“The tender had set a minimum price of 30 million euros … Mohegan offered a lump sum of 150 million,” he said.

The next steps in the process include signing the contract and approving it with Greek auditors and parliament before the Mohegan-led consortium is declared the winner of the tender.

Mohegan said he is ready to begin construction once the contract is won.

Mohegan’s plan, dubbed Inspire Athens, is expected to attract hundreds of thousands of tourists and generate more than 7,000 jobs.

($ 1 = 0.8506 euros)

Reporting by Angeliki Koutantou; Editing by Mark Potter


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