- Legal States
Fiona Simmons June 23, 2022 2 min read
HRI and GEK Terna Group to Realize Hotel & Casino Athens
Hard Rock International and GEK TERNA Group have teamed up and confirmed that they will be developing the highly-anticipated Hard Rock Hotel & Casino Athens, a project that faced stiff opposition legally and that is now going to finally be released in 2026. With the two firms signing their partnership on Wednesday, they feel strongly about the economic prospects ahead of the projects.
Creating Jobs and Boosting Regional Profile
Located in the Athens Riviera, the casino resort will prove a strong regional pull for anyone who wishes to gamble or join the integrated amenities. The property will naturally feature a five-star luxury hotel, dedicated gaming spaces, meeting and convention areas, and food & beverage offerings of the highest international class and standard.
A high-retail promenade will be open for customers as the entire project shapes in true Hard Rock International fashion with the help of local developers. Commenting on this project, Hard Rock International chairman Jim Allen said:
We are thrilled to announce the partnership with GEK TERNA Group and further expand Hard Rock’s reach across the globe in the great city of Athens.Hard Rock International chairman Jim Allen
The project is important in the purely economic sense for Greece as well. There will be more than 3,000 new jobs created in the casino resort as a result of the direct investment. The property will cater to people of all generations and ages. GEK Terna Group chairman and CEO George Peristeris also welcomed the opportunity:
This development will create a premium tourism spot, expected to offer employment to thousands of people, yield significant revenues to the public sector, and add value to Greece’s brand.GEK Terna Group chairman and CEO George Peristeris
Thousands of Games and Guest Rooms
There will be 200 tables, 2,000 gaming machines, and more than 1,000 guest rooms for visitors to enjoy. Located on the waterfront, this property will be one of the best places to visit in the region when looking to enjoy premier hospitality or gaming, or even host business meetings.
Construction is set to begin in 2023 and will be completed within three years and the designated deadline. Peristeris added that this $1-billion investment is part of the group’s trust in Greece and its prospects and potential.