TECHNICAL OLYMPIC (ASE: OLYr.AT) the leading Greek construction and home building group, announced that has acquired, through its subsidiary company, Sithonia Beach Porto Carras S.A., the casino located, in the world class resort of Porto Carras, in Northern Greece.

The total net buying price is 21.1 million Euro. This price includes all the casino equipment and installations as well as the casino licence.

The casino of Porto Carras is the first private casino establishment in Greece and operates since 1995. It is located in the Chalkidiki peninsula, one hour away from Thessalonica, the second largest city in the country and a favourable destination of many European tourists.

The Casino is expected to further increase operations of the existing facilities of the resort (hotels, marina, convention centre, golf course, etc) from a few summer months to a year around operation.