The latter is perhaps the more important part of the legislation, as the Regency Casino Mont Parnes, the only gambling floor in the Athens area, could move down off the mountain and into the ancient capital.

The Greek Parliament is expected to vote on the measure before Christmas. Reports out of the southeastern European nation claim the casino bill has the adequate support required for passage.

Should the bill become law, the Hellenic Gaming Commission would take on a greater responsibility in overseeing an expanded casino market. The commission would be tasked with licensing the three properties, and regulating any relocation requests.

The gambling statute would also amend the country’s current gaming tax on operators to a flat tax. The specific rate would be determined at a later date. Casinos presently share between 22 percent and 35 percent of their gross gaming revenue with the federal government.

Greece is home to nine gambling venues, two of which are casino cruises.

With over 700 slot machines and 50 table games, the Regency Casino Mont Parnes is Greece’s largest gaming floor. The casino and hotel is some 25 miles from the Acropolis, the primary tourism attraction for visitors to Athens.