GEK TERNA – Hard Rock: This is the new architectural plan of the hotel-casino in Elliniko

By Matina Harkoftaki

The official foundations of their cooperation were laid by GEK TERNA and Hard Rock, which join forces for the implementation of the integrated tourist and entertainment casino complex in Elliniko, an investment of 1 billion euros.

Hard Rock CEO Jim Allen presented the new architectural design of the grand project, saying that it is a project that will consist of many parts (components).

One of the most important parts of the project will be the hotel, which is expected to have a capacity of 1,000 rooms. In addition, the casino will play a central role, which will include private suites for gambling. At the top there will be a theater with indoor and outdoor spaces and an arena, with a capacity of up to 10,000 seats. Throughout the project, he said, there will be several theaters and concert venues, which are expected to host sporting events and concerts of big names abroad.

The project, which aims to be a destination for the whole family, while attracting the interest of millions of tourists, will have clubs, entertainment centers and restaurants, which will emphasize the Greek culture, but will also bring an international and cosmopolitan flavor. .

According to Jim Allen, the complete hotel and entertainment casino complex in Elliniko will be ready to open its doors at the end of 2025 – beginning of 2026.

For his part, the head of GEK TERNA, George Peristeris, did not hide his emotion, stating that this is an important moment, as a week before the signing of the contract with the Ministry of Finance, a permit which, as he said , went through 2019 until today from many ups and downs.

He referred to the tough negotiations that the company had with the Ministry of Development, while at the same time noting its importance that a Greek company is participating in this large investment. It should be noted that Hard Rock now leads the concessionaire consortium with 51%, while GEK TERNA has a 49% stake. We remind you that the consortium of GEK TERNA emerged as a contractor in the tender held by the Gaming Supervision and Control Committee, offering the price of 150 million euros for the license and a technical offer for an investment with a budget of 1 billion euros.

After the signing of the contract between the Ministry of Finance and GEK TERNA a few days ago, the contract is expected to be voted by the Parliament, a process which is expected to be completed in the coming months and then the building permits will be issued.

The new architectural design presented today, effectively cancels the plan that was presented about two years ago with the Caryatids, when Mohegan participated in the consortium, which then left.