Long-delayed construction of Eurovegas could begin with addition of new investors

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The long-delayed construction of the €300 million Eurovegas casino and hotel in Bezenye (NW Hungary) could begin after the recent addition of two new investors to the project, the communications agency representing Eurovegas told MTI on Friday.

The agency said that the Kimberly Group and a Spanish investment group had recently signed contracts to help finance construction of Eurvegas, thus increasing funds investors have for the project to 60% of its total cost and making "financing the remaining sum possible."

In October, the agency told MTI that investors Hans Asamer and Alfred Supersberger, in partnership with Hard Rock International, were "ready for construction" and are were working to ensure sufficient funding for the project.

About half of the project's costs are to be financed from loans.

The casino and hotel located near Hungary's borders with Austria and Slovakia are scheduled to open early in 2014, the agency told MTI in October.

The investors won a 20-year license to operate a big casino at the site in 2006. Eurovegas was originally expected to open in 2010, but construction was delayed due to the global financial and economic crisis.

Once completed, Eurovegas is expected to create 1,200 jobs.

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