MelcoLot Stops Collaboration with Veremonte for Barcelona Casino Resort
MelcoLot Ltd., part of Hong Kong-listed gambling agent Melco International developing Ltd., announced it had decided to terminate its contract with local partner Veremonte España SL that it is still interested in developing a casino resort in Barcelona, in spite of the fact.
The 2 firms disclosed that the cooperation were finished while they would never select grounds for further cooperation. They said in a Friday statement that a observe for your detachment for the jv from the sensitive process with a casino vacation resort in Barcelona is provided for the Catalan federal government week that is last. And the relationship is expected to get ended up anytime soon. No information that is further given.
An expensive entertainment complex, which is to be located in Barcelona in August 2014, MelcoLot confirmed that it had submitted its bid to run a casino in the so-called BCN World. Back then the gaming operator said that it would assist Veremonte on the casino venture. The two agencies set up a jv, with both of them holding a 50% express inside it. The said m&a was actually recommended to stage two of the launched tender procedure.
MelcoLot said on that it is still interested in operating a casino in BCN World, despite the termination of the agreement friday. The firm can also be considering from the possiblity to utilize different bidders that are pre-qualified potential future.
The government of Catalonia was yet to problem the license for all the procedure of the resorts and casino vacation resort in the projected enjoyment involved. (more…)