December 12, 2008, 8:17 CET
Environmental impact study could delay €700 million "Eurovegas" project
The deadline for the start of operation of a EUR 700m casino complex to be built near Hungary's border with Austria could be overstepped if Austria demands an environmental impact study for the project, business daily Vilaggazdasag reported on Thursday.
Project company Errichtung Eurovegas Hungary, owned by Austrian developer Supersberger Projektentwicklungs, signed a concession to contract to operate at least five casinos in 2006. The contract stipulates that the first casino must start operating by November 1, 2010.
If Austria asks for an environmental impact study for the project, which it would likely do no earlier than January, it could result in a delay of at least six months, experts told the paper.
If the project company fails to meet the November 2010 deadline, Hungary may break the concession contract, according to the Finance Ministry.
Supersberger managing director Alfred Supersberger does not count on a significant delay for the project.
Errichtung Eurovegas plans to build two casinos and two luxury hotels between Bezenye and Hegyeshalom. Further developments could be made later, depending on the success of the casinos.
EMAIL
ARTICLE
ADD A
COMMENT
SITE FEED- Furor as fleeing foreigners leave Hungarian homes to the rats
- Hungary near bottom of EU innovation ranking
- Magyar Telekom and Cisco to establish joint innovation center
- Forint strengthens to 15-month high against euro
- Construction sector output down 13.5% in January
- Gov't decides on stricter rules bank's lending calculations
- Survey highlights shockingly sour fact about collapsing consumer spending in Hungary
- Memo to Budapest developers: Quit bitching about having to build garage spaces
- Hungary fiscal concerns "overdone," says City
- Industrial output climbs unadjusted 3.4% in January
- Ajka Kristály becomes supplier to Rolls-Royce
- Investment fund assets climb 2% to Ft 3.161 trillion in February
Published every Tuesday, the Budapest Business Week newsletter contains all the previous week's headlines from Realdeal.hu and related stories from other All Hungary sites, as well as a list of upcoming events of interest to the foreign business community in Hungary.
Recent Comments:
- Prince Charles talks environment, roots in Budapest
- Fine Arts University to host exhibition on inclusion, tolerance
- Hungarian medical invention to help Beckham's recovery
- Denmark's Crown Prince, Princess to visit Hungary
- Hungarian youth most tolerant social group
- Syrian driver shot dead in E Budapest
- Police suspect murder-suicide in NW Hungary slaying
- Hungarian causes fatal accident in UK
- Four sharks arrive at NE Hungary Zoo
- Hungary to mark anniversary of 1848 Revolution on Monday
- New music festival planned for Budapest
- But why would we ever need a radar station? Oh shit, duck!
- Mystery over Israeli aircraft causes political squall in Hungary
- Jobbik spokesman resigns after photos reveal his tolerance for alternative lifestyles
- Supreme Court ruling sets NATO radar station back to square one
- Britain's Price Charles meets "kindred spirit" Sólyom
- Fidesz widens poll lead as Jobbik closes gap with Socialists
- Local government minister urges new economic model
- Former PM Medgyessy unenthusiastic about Gyurcsány's increased public profile
- Attacks on LMP reveal that they're starting to make the other parties nervous
- Food Store Wars (IV): And on the Seventh Day, God Said Let There Be Culinaris
- Food Store Wars (III): New Chains to Highlight "Excellent" Hungarian Products, Produce Straight From the Farm
- Food Store Wars (II): The Decline and Fall of the House of Rothschild
- Food Store Wars (I): "Birdie Tesco" Faces Boycott Over Alleged Wildlife Threat
- Local consumer dismayed to discover Czech origins of "Hungarian" Camembert
- The Ultimate Chef's Table (With Wine)
- How About Some Czech, Mate?
- First Era of Coffee-to-Go in Hungary Over as Gloria Jean's Liquidated
- Are Power Plants and Scheming Slovaks Really The Most Pressing Issues Facing Tokaj Winemakers?
- Sparks Fly as Feckless, Embarrassing Hungarian President Meets Feckless, Embarrassing British Prince
- To Do This Weekend: Hot Rods and Boners at Tuningshow 2010!
- Hungarians Discovering New, Impressive Ways of Killing Each Other
- Hungary Represents in Chatroulette Penis Wars
- Gene Simmons's Infamous Tongue Comes Up Short When Discussing Hungary
- Druggies Top Boozers, Gypsies in Poll for Most Despised Group in Hungary
- BREAKING: Giant Chicken Eggs
- It's Officially a Hungarian Dog's Life
- Underpass Guard Patrols Expected to Have Negative Impact for Thriving Pickpocket Scene
Leave a Comment