MelcoLot Ends Cooperation with Veremonte for Barcelona Casino Vacation Resort

MelcoLot Ends Cooperation with Veremonte for Barcelona Casino Vacation Resort

MelcoLot Ltd., part of Hong Kong-listed gaming agent Melco Foreign Development Ltd., announced that it continues to be interested in creating a casino vacation resort in Barcelona, in spite of the fact that it got made a decision to end the deal with local spouse Veremonte España SL.

The two agencies disclosed that the relationship was in fact finished because they could not get a hold of basis for further collaboration. They said on a Friday statement that a see for all the withdrawal in the partnership from the delicate procedure with regard to casino resort in Barcelona was actually sent to the Catalan federal government a week ago. Together with relationship is expected becoming finished up in the near future. No information that is further given.

In August 2014, MelcoLot confirmed it got submitted their quote to perform a gambling establishment from inside the so-called BCN World, an expensive enjoyment hard, that is to get based out of Barcelona. Back then the playing agent asserted that it might assist Veremonte on the casino venture. The 2 companies set-up a joint venture, with each of all of them keeping a 50% share inside it. The mentioned venture that is joint authorized to stage two of the launched sensitive process.

MelcoLot stated on that it is still interested in operating a casino in BCN World, despite the termination of the agreement friday. The firm normally considering in the possiblity to assist various other pre-qualified bidders in upcoming. Read more