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Delayed Eurovegas project set to take off

The Eurovegas casino project in Bezenye, west Hungary, has enterwd into development phase after the investors obtained all the permits required for the investment, daily Napi Gazdaság reported, citing MTI-ECO.

The casino, which its owners say will be the largest gaming complex in Europe, is slated to open by 2013, MTI-ECO quoted Austria's Der Standard as saying.

The project's total value is €5 billion, of which €265 million will be invested in the first phase.

Austria has raised concerns over the project's location, which is close to a conservation area next to the Hungarian-Austrian-Slovakian border.