Ministry OKs sale of Corfu casino

The Finance Ministry said yesterday it will sell its stake in the Hellenic Casino Corfu, also known as the Casino Achilleon, to a joint venture between Theros International Gaming and Vivere Entertainment Commercial and Holdings for 7.65 million euros. ‘Privatization is expected to contribute to attracting high-income tourists with multiple benefits for the Ionian Islands and the Greek government’s revenues,’ the ministry said in a statement. Revenues from Greece’s privatization agenda, estimated to reach about 1 billion euros this year, will go toward paying down public debt, the second highest in the eurozone after Italy. Greece’s privatization plans also include selling off part of its stake in the Thessaloniki Water Supply and Sewage Company (EYATH) to a strategic investor.

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