Due to financial difficulties, Mohegan Gaming and Entertainment (MGE) has withdrawn from Inspire Athens, the intended casino complex at the derelict Hellenikon international airport on Athens’ coast.
According to the company: “MGE has conducted a comprehensive review of its operations and future commitments against the new backdrop created by the COVID-19 global pandemic and concluded that we would not continue to pursue the concession rights for the Athens Project.”
“We are also focused on the large undertaking at Inspire Korea, which will consume the next few years. While we know this is a disappointment to many, it is the right decision for our company and its stakeholders.”
On October 22, MGE handed over complete ownership of the project to its Greek partner, GEK Terna.
“The company and GEK Terna coordinated the equity transfer with the requisite government officials in Greece,” it added.