Lampsa Hellenic Hotels S.A. on Friday informed the Athens Stock Exchange (ATHEX) of an agreement with Greece-based Intracom for the latter’s participation, with a 25% stake, in a subsidiary of the latter, with the strategic intent aimed at both companies acquiring a bigger share of the Hyatt Regency Casino.
The specific casino remains the sole such gaming entity in the wider Athens-Piraeus area, hosted in an iconic 1960s resort hotel atop Mt Parnitha, which overlooks the Greek capital from the northwest.
Intrakom’s participation will come within the Cyprus-based subsidiary Selene Enterprises Company Ltd., for the acquisition – jointly – of 33.91% of shares (of Selene) now held by Greek systemic banks Alpha, Eurobank and National Bank of Greece (NBG).
The total consideration for the 33,91% stake in Hyatt Regency by the company jointly held by Lampsa and Intracom reaches 23 million euros, independent of loans worth 24 million euros. Nine million euros will be paid as a down payment. A second installment of eight million euros, however, will be disbursed when a relocation license for the Mt. Parnitha-based casino is finalized and a certain level of construction is completed at a new site.
The Regency Casino aims to relocate to a choice parcel of land along the north-south Kifissias Avenue, near the Athens Olympic Stadium and between two major shopping malls. A third installment of seven million euros will be disbursed after 18 months of operation of the casino at the new site.
Legal obstacles entailed in repeated lawsuits against the relocation by third parties, including motions to the Council of State (CoS) by a local municipality (Halandri) have plagued the project.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
