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MelcoLot Stops Collaboration with Veremonte for Barcelona Casino Hotel

MelcoLot Ltd., part of Hong Kong-listed betting driver Melco worldwide Development Ltd., launched that it is still enthusiastic about creating a casino vacation resort in Barcelona, regardless of the fact that it got made a decision to terminate their agreement with local mate Veremonte España SL.

The 2 enterprises shared that the cooperation have been ended because they would never see grounds for further cooperation. They stated on a Friday report that a find when it comes down to withdrawal on the partnership from the sensitive processes with a casino hotel in Barcelona had been sent to the Catalan authorities the other day. Additionally 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 playing agent asserted that it could utilize Veremonte on the casino job. The two organizations created a m&a, with all of them keeping a 50% share in it. The stated partnership got authorized to phase two of the revealed tender process.

MelcoLot mentioned on monday that it is nevertheless enthusiastic about operating a casino in BCN industry, in spite of the firing regarding the agreement. The organization can also be contemplating regarding the possiblity to deal with additional bidders that are pre-qualified potential future. (mais…)

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