The long-delayed Eurovegas casino and hotel investment project, near Hungary's border with Austria, is set to kick off by the end of July, wire agency Econews reported, citing the investor's representative.
The owners are currently in talks with Porr Építőipari Kft, the main contractor, to hammer out the details of a roadmap for the investment. Under the plans, the casino complex is scheduled to be completed in 13 months. Construction of the hotel will follow in half a year and finish in 18 months.
The first phase of the project will cost about €200 million. Austrian investors won a 20-year license to operate a big casino at the site more than four years ago. The complex was to have opened by 2010, but construction was delayed because of the global financial crisis as well as political controvery regarding the investment.