More Charges Seen Coming for Greek ex-Defense Chief Papantoniou

Αssociated press

(Photo by Eurokinissi, FILE)

With Greece hoping to lure a major casino to an $8 billion stalled development at the former Hellenikon International Airport site on Athens' coast, the casino at Rio in Patra, the country's third-largest city has decided to close indefinitely.

Management is locked in a dispute with employees, whom it is asking to accept shift work and a pay cut of up to 25 percent, as the company’s streamlining plan dictates, said Kathimerini, but the workers demanded their full pay owed them and said they were due up to 14 months salaries.

Union head Dimitris Karageorgopoulos told the paper that roblems in the casino’s operation started after an agreement between the union and the management for the immediate payment of 800,000 euros ($906,900) to workers, to count toward total dues of over 5 million euros ($5.67 million) it was reported.

The company on Nov. 25 sent a letter to all employees accusing the union of undercutting the casino's chances of staying alive and claiming talks were going on with three unidentified investors interested in the three companies controlled by Theros International Gaming which also has casinos in Alexandroupoli and on Corfu.