Mohegan’s US-based joint venture with GEK TERNA and Hard Rock both filed bids to acquire the casino license at Elliniko. The evaluation process.
The bidder is expected to be selected within the next quarter. The time to complete the bidding process depends largely on any appeals.
In the market it is argued that the winning bidder will largely be picked depending on the amount offered to obtain the casino license, although what is planned in Elliniko is more of a hospitality and entertainment complex. According to the terms of the tender, the minimum price the bidders can offer is € 30 million. The financial offer weighs 60% in the overall evaluation and therefore a small difference in the price offered may cover a greater divergence in the technical evaluation.