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10 August, 2001
The Greek government on Thursday launched an international tender for non-binding bids to find a strategic investor for Mont Parnes hotel and casino.
Hellenic Tourist Real Estate SA, a state body managing the country's state tourist assets, said the tender will be held by its subsidiary Hellenic Mont Parnes Casino SA, a company managing and operating a casino, two hotels (with a total capacity of 433 beds) and a cable car system, covering an area of 3,000 stremmata (one stremma=1,000 square meters).
The strategic investor to be selected through the tender will take over the casino-hotel's management.
Under the terms of the tender, the state will sell an equity stake ranging from 19.9 to 51 percent according to the demand showed by investors and the results of an initial public offering by the company.
Mont Parnes is the only casino in the Attica region. The government has said it would not issue a second license.
Source: Athens News Agency
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