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Travel & Tourism industry news by Greek Travel Pages (gtp)

State Casinos Up For Sale Post Increased Profits

The state-owned casinos at Parnitha and on Corfu are expected to enrich state coffers by some 15 billion drachmas this year, Hellenic Tourist Properties said last month. The optimistic projection came after the casinos released eight-month results showing growth in both customers...

Hellenic Tourism Properties Heads For Bourse

Along with the privatization of its casinos, Hellenic Tourism Properties will privatize itself. The first step was taken last month with the sale of convertible privatization bonds, or pre-stock (prometoxa), worth 800 million euros (272.6 billion drachmas), which is about a 25%...