MelcoLot Stops Relationship with Veremonte for Barcelona Casino Resort

MelcoLot Stops Relationship with Veremonte for Barcelona Casino Resort

MelcoLot Ltd., subsidiary of Hong Kong-listed gaming user Melco International developing Ltd., announced it continues to be thinking about creating a casino vacation resort in Barcelona, in spite of the fact that it got decided to end its deal with neighborhood spouse Veremonte España SL.

The two companies revealed that the relationship was basically ended while they would never pick foundation for further venture. They said on a saturday statement that a find for the detachment from the m&a through the delicate processes to get a casino hotel in Barcelona was taken to the Catalan national week that is last. As well as the partnership is expected to be finished up in the near future. No information that is further supplied.

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. In those days the playing operator mentioned that it might deal with Veremonte on the casino task. The 2 businesses set-up a jv, with both of them keeping a 50% share in it. The said venture that is joint approved to stage a couple of the announced 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 business is also considering from the possibility to deal with other pre-qualified bidders in upcoming. Read More

MelcoLot Ends Partnership with Veremonte for Barcelona Casino Resort

MelcoLot Ends Partnership with Veremonte for Barcelona Casino Resort

MelcoLot Ltd., subsidiary of Hong Kong-listed gambling operator Melco Global developing Ltd., established so it continues to be interested in developing a casino vacation resort in Barcelona, in spite of the fact it have decided to terminate the agreement with local companion Veremonte España SL.

The two agencies revealed that the cooperation was concluded as they would never find grounds for additional collaboration. They stated wearing a monday declaration that a observe when it comes down to detachment from the partnership through the delicate techniques with a casino hotel in Barcelona was sent to the Catalan authorities week that is last. In addition to relationship is anticipated to be ended up in the near future. No information that is further offered.

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 could assist Veremonte on the casino task. The 2 firms install a venture that is joint with all of all of them keeping a 50% display with it. The stated m&a was actually accepted to stage a couple of the launched tender process.

MelcoLot stated on that it is still interested in operating a casino in BCN World, despite the termination of the agreement friday. The organization normally contemplating throughout the possibility to utilize different bidders that are pre-qualified potential future. Read More