
Construction of the “Hard Rock Hotel & Casino Athens,” a one-of-a-kind Integrated Tourist Resort in Europe, a joint venture by GΕΚ ΤΕRΝΑ and Hard Rock International started yesterday.
Surpassing the 1 billion euros mark, the investment extends to over 1.5 billion euros, with the construction phase expected to generate 3,000 jobs. During its operational phase, the resort will continue to employ 3,000 individuals while the Integrated Resort Casino (IRC) is set to contribute tens of millions of euros annually to the Greek government for the next 30 years.
Groundbreaking Ceremony
Earlier in the morning at the site earmarked for the development of the comprehensive tourist complex, representatives of the joint venture partners, government ministers, and U.S. Ambassador George Tsounis inaugurated the initiation of preliminary technical work with a symbolic gesture.
Hosts and invitees wielded guitar-shaped shovels (the iconic symbol of Hard Rock) and signaled the commencement of construction activities.
What to Expect from Hard Rock Hotel & Casino Athens
The “Hard Rock Hotel & Casino Athens” aims to significantly enhance Greece’s tourism offering. It will feature a luxurious 5-star hotel with suites and rooms providing panoramic views of the sea, Athens, and the Parthenon.
The comprehensive tourist complex will be complemented by a world-class casino, elevating the hospitality and entertainment landscape in Athens.
The resort’s infrastructure will boast a state-of-the-art exhibition and conference center, providing high-end facilities. Additionally, a cutting-edge entertainment venue is planned to host concerts by internationally renowned artists. Beyond these amenities, the complex will house famous restaurant and café brands, the renowned Rock Spa®, a pool, and retail outlets.
G. Peristeris and J. Allen
The project, a joint venture between Hard Rock International (51%) and GEK TERNA (49%), is slated for completion within three years. Emphasizing the ambitious scale of the investment, George Peristeris, the Chairman and CEO of GEK TERNA, stated that it is expected to surpass 1 billion euros. On his part, Jim Allen, President of Hard Rock International, estimates the cost to reach 1.5 billion euros.
Source: tovima.com


Latest News

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite