Project VORIA is one of the projects expected to add significant value to Intracom Holdings over the next two to three years, as stated during the Group’s general meeting yesterday.
The Group’s management emphasized that the strategic partnership between Intracom Ventures and LAMPSA S.A., aimed at a joint investment in Thanasis Laskaridis’ Regency Group, represents a highly dynamic collaboration on many levels.
As is well known, Project VORIA, which is set to begin implementation in 2025 , is an investment of approximately 380 million euros. Intracom Holdings’ management explained that it is an integrated tourism complex, known as an“Integrated Resort Casino.” Construction work is being carried out by METKA, with completion and full operation scheduled for 2028.
To be precise, as stated by Vice Chairman of the Board Konstantinos S. Kokkalis, “as far as the casino is concerned, the goal is to begin operations in May 2028.”
It is worth noting that Regency has secured its entry into the online gaming market through the joint venture between Regency Entertainment and SkillOnNet.
How is the project at Voula’s Second Beach progressing?
At the same time, another significant project is underway in the Voula B’ Plaz area, an investment exceeding 15 million euros. “Intracom Ventures holds a 33% stake. We are partnering with two other prominent business leaders, Mr. Konstantakopoulos and Mr. Prokopiou, and in 2025 we secured co-financing for the project from the Recovery Fund,” noted the management of Intracom Holdings.
Work has begun, and the project is expected to be completed and fully operational by early 2027.
Furthermore, the group’s management also highlighted the investment and technological nature of Intracom Ventures. As they explained, since its inception, it has invested in technology startups, which have already generated significant returns, citing the exit of Augmenta as an example. Additionally, Kaizen Gaming recently announced the acquisition of the startup GameplAI, in which Intracom Ventures held a 5% stake.
The group’s financial figures for 2025
It is worth noting that Intracom Holdings closed 2025 with revenue of €33.4 million and EBITDA of €27.5 million. Total assets reached €600 million, with cash and financial assets at fair value amounting to €366.2 million.
“Intracom today has a strong balance sheet and an investment portfolio that clearly demonstrates the sources of future value creation. We are a group with a clean structure, significant liquidity, and zero debt, which means significant leverage potential and investment options,” management emphasized.