Athens Resort Casino Play Casino and Poker Games

When the consortium Athens Resort Casino acquired ... 49% of the Parnitha casino aspired to create an integrated pole recreational mountain (mountain resort), which would combine the gambling to stay at the luxurious five-star hotel and sports of all kinds in the mountains. A miniature of the Alps, a breath away from the center of Athens ...

The Mont Parnes Casino was the first one that worked in our country and is one of the key «silverware» immovable property of the Greek National Tourism Organization (EOT), which manages the Tourism Development EDF.

* In June 2001 ETA has set up a subsidiary company - the Greek Mont Parnes Casino SA - which passed by 100% control of the casino complex. The aim was to be sold to individuals 49% of the «Mont Parnes».

* After a fierce battle against the company that manages the casino Loutraki (of which main shareholders are Israeli investors, a company of Austrian casinos and Piraeus Bank) emerged winner of the competition by the consortium came out to be Athens Resort Casino. Previously controlled by Hyatt Regency company by 70% since it listed in the Athens Stock Exchange and 30% from a construction company Hellenic named Technodomiki member of the Bobola group.

* The competition ended on 15/11/2002, while the consortium officially took over management of the casino on 30/4/2003. To win the job, the consortium has offered 120 million cash and guaranteed that they will pay extra 135 million euros for the next five years. In parallel, pledged that it will deliver 100 million in investments.

* The contract also provides that the Greek government is committed to grant additional 2% of the casino in the consortium if the same request. With the provision that it has completed the planned investment within five years, Thus, the consortium would lead to even acquire 100% of the casino if the Greek government decided to sell.

* This «lure» brought in early 2006 in the investment casino Parnitha shape BC Partners. And it is because the three main shareholders of the Hyatt Regency-which controls 70% of konopraxias Athens Resort Casino, which controls 49% of the casino-decided to sell their shares to BC Partners. So the American businessman Pritzker, shipowners and A. P. Laskaridis and the operator N. Theocarakis (main shareholders of Hyatt back then) put in their pocket 476.5 million. The BC Partners and has so far invested 1 billion after those who had paid shares of Hyatt Regency (public offering) to lift the company from the Greek stock market.

* In Parnitha constructions been completed so far by investments of a phase, which provided new cable car system to create 1500 jobs parking and renovation of the casino area. The last two years, however, the projects have been shelved, as it has been expecting the green light by the Ministry.

* The consortium is composed by Athens Resort Casino, now, by Dionysos Leisure (controlled by BC Partners and stemmed from merger with the Hyatt Regency) and Ellaktor Bobola the group, which retains 30% of the consortium.