REDS SA’s Ambitious Crete Casino Project Moves Forward in Greece

A new era of luxury gaming and tourism is dawning in Crete.

REDS SA prepares to unveil a state-of-the-art casino resort in Gournes, enhancing Greece’s gambling landscape.

Picture yourself at a world-class casino resort, combining entertainment, hospitality, and shopping in a breathtaking Mediterranean setting.

Follow the journey of REDS SA as they bring this visionary project to life on Crete’s shores.

REDS SA’s Vision for Gournes Casino

Plans are gaining momentum for a new casino resort in Gournes, Crete, by REDS SA, a subsidiary of the Ellaktor Group. The company has acquired a strategic property for the project at the former US military base.

Acquisition and Investment Details

REDS SA has secured the necessary land for €42.2 million, paving the way for this landmark development on the island.

Proposal Submission to the Hellenic Gaming Commission

The next step for REDS SA is to submit a comprehensive casino proposal to Greece’s Hellenic Gaming Commission. The anticipated tender process following the submission is expected to span six months.

Holistic Development Plans

Beyond the casino, REDS SA envisions a multifaceted development including a hotel, conference facilities, residential units, and a shopping center. This grand project will be realized over five years in partnership with both international and domestic investors.

Strategic Location of the Property

The chosen property for the casino spans 345,567 square meters and boasts a prime location. It is conveniently situated 13 kilometers from Nikos Kazantzakis Airport and 20 kilometers from the new Kastelli airport. The site currently hosts the Hellenic Center for Marine Research, CretAquarium, and the International Exhibition Center of Crete.

Challenges in the Greek Gambling Market

Dimitris Dzanatos, President of the Hellenic Gaming Commission, has highlighted the challenges posed by unlicensed gambling in Greece. He stressed the need for collaborative efforts among government, authorities, and providers to ensure safe gaming and tackle social impacts.

Conclusion: A Game-Changer for Crete’s Tourism and Gaming Industry

The development of the casino resort in Gournes represents a significant boost to Crete’s tourism and gaming sectors. REDS SA’s ambitious project promises to create a unique destination that combines luxury, entertainment, and cultural experiences, setting a new standard in the Mediterranean gaming and tourism market.