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Tag Archives: Loutraki

Greece – Pharmaceuticals company on the short list for Club Hotel Casino Loutraki

Easton Pharmaceuticals is on the short list to buy an interest or participate in the acquisition of Club Hotel Casino Loutraki in Greece, 80 kilometers from Athens. The resort comprises of a private beach, 255 rooms and 20 suites, eight restaurants, a wellness center, conference facilities and an 87 table/1,000 slot machine casino plus a…

Greece – New laws over late salary payments could see Greek casinos in hot water

Several Greek casinos could face legal problems including possible closures following new laws brought in last year stating that failure to pay employee salaries within 30 days, will result operating licenses being suspended for two months. Media reports out of Greece claim that Club Casino Loutraki, Casino Rio Casino, Casino Corfu and Casino Syros could…

Greece – Loutraki granted €40m tax refund from government

Club Hotel Loutraki, once Europe’s top earning casino, is set for a refund of €40m from the government following a ruling from the Tripoli Administrative Court of Appeal. The court ruled against the Greek government claiming it was not justified in increasing Loutraki’s tax rate from 20 per cent to 33 per cent from 2008…

Greece – Icahn Enterprises linked to Greek casino opportunities

Trump Entertainment, a casino subsidiary of Icahn Enterprises, has been linked with two casino opportunities in Greece by the local media. Reports out of the country have suggested the Greek government has approved a new casino licence for the owners of the former Ellinikon international airport site, which is being converted into a leisure complex….

Greece – Loutraki could change hands

A story has emerged from the Greek press that claims that Casino Loutraki is about to change hands in a convoluted deal that involves current owners Queenco Leisure, the Piraeus Bank and investment firm Sciens International. A deal is believed to have been brokered in which venture capital fund Sciens Investment will increase its ownership…

Greece – Queenco confirms Loutraki licence investigation

Queenco Leisure, one of the joint owners of Club Hotel Casino Loutraki, has said the Greek Committee for the Supervision and audit of Games has invited the joint venture operating the property to answer claims it has allegedly breached its license terms due to its failure to transfer certain payments to the Greek authorities. The…

Greece – Loutraki denies bankruptcy claim

Management at one of Greece’s leading casinos, Club Hotel Casino Loutraki have stressed it is not on the verge of going out of business, reassuring workers that it was not about to apply for bankruptcy and they their jobs were safe. Public Relations Manager, Yiannis Vrachatis, confirmed the property was not seeking protection from its…