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Greek Companies to Bid for Casino Permits in Albania

23 February 2005

TIRANA, Albania -- As reported by Reuters: "Two Greek firms are competing for a $10 million 15-year casino license in the Albanian capital Tirana, the first of five gambling permits the government plans to issue, the authorities said yesterday.

" The US Royal Palace Casino of Nevada and Albania's Rozafa were disqualified after submitting only part of the required documentation, a government spokesman told Reuters.

"Greece's Club Hotel Loutraki and Hyatt Regency Hotel & Tourism Hellas are vying for the license to operate a casino in Tirana, where sports betting and scratch lotteries have flourished since capitalism replaced communism in 1991.

"...Albania also plans to auction four casino licenses along the country's Adriatic and Ionian coasts..."

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