MelcoLot Stops Cooperation with Veremonte for Barcelona Casino Hotel

MelcoLot Stops Cooperation with Veremonte for Barcelona Casino Hotel

MelcoLot Ltd., subsidiary of Hong Kong-listed gambling agent Melco Overseas Development 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 two businesses disclosed that the collaboration was basically concluded because they would never select foundation for additional collaboration. They stated inside a tuesday declaration that a see when it comes to withdrawal with the partnership through the delicate process with a casino vacation resort in Barcelona was actually delivered to the Catalan government a week ago. Plus the cooperation is anticipated becoming finished up anytime soon. No more info was provided.

In August 2014, MelcoLot verified that it have posted the quote to run a gambling establishment into the so-called BCN globe, a costly enjoyment specialized, which will be is situated in Barcelona. Back then the playing operator mentioned that it might make use of Veremonte on the casino project. The two agencies set up a venture that is joint with each of them keeping a 50% show with it. The stated joint venture is recommended to stage a couple of the launched tender procedure.

MelcoLot said on saturday that it is nonetheless thinking about running a gambling establishment in BCN business, despite the cancellation with the arrangement. The business can also be considering on the possiblity to deal with various other pre-qualified bidders in upcoming. […]