A decree by the government published on Thursday withdraws priority status for a planned HUF 275 billion casino and resort on the shores of Lake Velence, west of Budapest.
Plans to build the casino came under fire last autumn after it was revealed that the lakefront plot on which it was to be built had been exchanged for an overvalued piece of farm land owned by an investor in the consortium undertaking the project.
Giving “priority status” to investments accelerates the process of obtaining permits.
The consortium of investors won the tender to build the casino in February 2009. The investment was given priority status in April. (MTI-Econews)