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MelcoLot Finishes Collaboration with Veremonte for Barcelona Casino Hotel

MelcoLot Finishes Collaboration with Veremonte for Barcelona Casino Hotel

MelcoLot Ltd., subsidiary of Hong Kong-listed betting user Melco Foreign developing Ltd., revealed that 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 organizations revealed that the partnership was indeed concluded as they would never look for basis for further venture. They mentioned within a saturday declaration that a notice for all the detachment with the jv through the delicate procedure for the casino hotel in Barcelona was taken to the Catalan government week that is last. Additionally the relationship is expected to get finished up in the near future. No information that is further provided.

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 gaming operator asserted that it can work with Veremonte on the casino venture. The two providers install a partnership, with each of all of them holding a 50% show on it. The stated venture that is joint recommended to stage a couple of the launched tender process.

MelcoLot mentioned on monday that it is nonetheless interested in operating a gambling establishment in BCN community, in spite of the termination associated with agreement. The firm can also be contemplating from the possiblity to work with other pre-qualified bidders in potential future.