Casino Legislation News

Greek casino market hit by delays at Elliniko

A series of delays and setbacks jeopardize the largest privatization in Greece and one of the biggest real estate projects in Europe: the redevelopment of Athens’s former airport area at Elliniko. This affects in a great way the already crisis-hit Greek casino market, because one of the first construction projects that is to be built on the land is an integrated casino resort facing the Agios Kosmas marina.

Greece's leading Gaming & Lotter company, OPAP to raise 200m in expectation of VLT operation

OPAP, Greece’s leading gaming and lottery company aims to raise up to 200m through a bond issue in order to finance it’s investment of 35.000 VLTs.

The bond issue, is expected to roll out until the end of March, not only will provide the state-run with much needed liquidity in a cash-starved economy, but will also act as a vote of confidence, just before the launch of the much-anticipated VLT operation.

UK Brexit

With the impacts of Thursday 23rd June's momentous referendum decision for Brexit still seeping in, I must unfortunately forecast that the future is undoubtedly bleak for the British casino industry. I know this will not sit well with a traditionally libertarian industry, who many I am certain will have voted to ‘regain control’, but for our industry this is an absolute nightmare.