Hard Rock International and two Austrian companies are to build a huge €5 billion casino complex in Hungary, the group's parent company said on Friday.
Jim Allen, head of American Indian-owned Seminole Hard Rock Entertainment, told a news conference that the complex would be built close to the border with Austria and Slovakia, with the first phase to be completed by 2012.
By then, the complex would compromise 316 hotels rooms, more than 1,500 slot machines, 100 gaming tables, and a 10-table poker room, Allen said.
Once completed, the complex will ultimately have 1,264 hotel rooms, 6,000 slot machines, 400 gaming tables, two 20-table poker rooms and two sports betting shops, making it the biggest casino in Europe.
Seminole Hard Rock Entertainment obtained a gaming concession license from the Hungarian government in 2006 for 20 years with an option to extend it for an additional 10 years.
Hungary stands to gain €500 million in gaming tax revenues over a 10-year period, Allen said.
The complex is within a two-hour drive from the airports of Budapest, Vienna and Bratislava.
The Seminole tribe of Florida bought Hard Rock International in 2007. (AFP)