GREEK COMPANIES INTERESTED IN BUILDING A TIRANA CASINO - Tuesday 12th of April 2005

The joint venture of the Greek company "Club Hotel Loutraki SA" and the Austrian "Casinos Austria International", on one hand, and "Hyatt Regency Hotel & Tourism Hellas SA???, on the other, have entered the second phase of an international tender for a license to operate a casino in Tirana.

"Club Hotel Loutraki SA??? General Director Antonis Stergiotis stated that the casino will be built at the center of Tirana near Tirana International Hotel and will cover a space of 1,280 square meters while it is estimated to create about 300 jobs. Initially, the investment will reach 19,5 million euros out of a total of 25 million euros, which will be the direct investment of "Club Hotel Loutraki SA??? in Tirana.

According to the Albanian mass media, the "Hyatt Regency Hotel & Tourism Hellas SA??? bid provides for the construction of a casino in Tirana's Rinia region near the Taiwan Bar.

A decision on which of the two contenders will receive the license will be issued by the responsible Offers Assessment Commission of the Albanian Ministry of Finance.
 

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