Mont Parnes casino relocation from Parnitha to Maroussi in progress
Mont Parnes casino relocation from Parnitha to Maroussi in progress

Mont Parnes casino relocation from Parnitha to Maroussi in progress

RE+D magazine
14.09.2022

The Draft Presidential Decree for the gradual relocation of the "Mont Parnes" casino from Parnitha to the Municipality of Marousi has been submitted to the Council of State for legislative processing.

At the same time the Special Town Planning Plan in part of the Dilaveri area is approved, as well as the land uses and conditions are determined and building restrictions in the same area.


It is been reminded that the Plenary Session of the Council of Ministers (decision 44/2021) annulled the joint ministerial decision to determine the conditions for the transfer of Mon Parnes from Parnitha within the urban fabric of Marousi. A new law was then passed, providing for the transfer of the disputed casino to the Dilaveri area, for reasons of sustainability and if measurable advantages for the public interest are created.


The draft Presidential Decree provides that the transfer of the casino will be carried out by the company "Hellenic Casino Parnithas S.A." (EKPA S.A.) and the consideration for the transfer to the new position was set at 30 million euros. This amount will be paid in installments.


More specifically, within 180 days of the publication of the decree in the Government Gazette, 50% of the total amount will be paid and the other 50% in 5 annual equal installments. The installments will be increased with the prescribed interest rate of the Public Revenue Collection Code, while the amount of the advance payment can be offset against confirmed debts of EKPA SA. to the State.


Furthermore, the draft Presidential Decree provides that the investment carried out in the transfer of the Mont Parnes casino cannot be less than 120 million euros and will include the creation of a new tourism and entertainment center and the construction of a versatile hotel complex, with catering services, cultural functions, meeting places, convention center, leisure facilities and casino.