EURO Vegas could soon be opening its doors to the avid gamers and gamblers within Europe. Building work has already started in Hungary, near the border of Slovakia & Austria.
Hungarian authorities should soon be issuing a building license for the large development project. The Austrian environmental authorities have already approved the project, which means a green light for the already dubbed the EuroVegas.
Hard Rock International is proving to be the project’s rock, as they have been named as a big investor. The Euro Vegas project is planned for a 335-hectare area near Bezenye by Phase Asset 1, a company registered in Mosonmagyarovar last November. Under the first phase of development, expected to start this year, a 24-floor luxury hotel with 316 rooms is to be built, including a conference centre with a capacity of 4,000 people, casinos, restaurants and a thermal spa.
Under a concession contract signed with Hungarian state, the first casino in Bezenye must start operating by November 2010. In line with the contract, annual budget revenues of 1 billion forints per casino are expected from Euro Vegas.
