Melco leaves bid for Spain casino

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As the company focuses on ‘other committed developments in the pipeline,’ Melco International Development announced that it ‘has decided not to participate in the current bidding process,’ for developing an integrated resort in Catalonia, it announced in a press release.
Melco notes that it ‘considers the project at the Center for Recreation and Tourism (“CRT”) to be an exciting tourist opportunity in Europe,’ and in the future looks to ‘keep working with the Catalan Government, the local authorities and local partners for exploring future opportunities at the CRT’.
Previous statements to Business Daily by Melco’s Chairman and CEO Lawrence Ho Yau Lung indicate that the group is focusing its efforts on Japan, the Philippines and the MSAR. The company also recently announced it would be taking over Hard Rock’s interest in a Cyprus casino project that has been granted an exclusive 15-year gaming monopoly.