Supplier News
Laos – Six companies to bid for Savan Vegas
By Phil - 28 March 2016
Six companies have expressed an interest and have been approved to bid for the purchase of Savan Vegas Hotel and Entertainment Complex, a fully-fledged casino hotel located in Savannakhet in Laos, close to the Thailand border.
San Marco Capital Partners (SMC), the exclusive sales agent working on behalf of the Government of the Lao People’s Democratic Republic, announced the conclusion of the qualification process for investors interested in participating in the competitive sale process to purchase and operate the Savan Vegas Hotel and Entertainment Complex.
Located in Nongdeune Village, Kaisonphomvihanh District, Savannakhet Province of the Lao PDR, the Complex includes a full-service casino, a hotel and numerous entertainment and leisure offerings. Upon review of interested investors’ expressions of interest and qualification materials, including information on financial capability and operational expertise, the Government of the Lao People’s Democratic Republic has determined Groupe Lucien Barrière, Iao Kun Group Holding Company Limited, Macau Legend Development Limited, PGP Investors, RGB (Macau) Limited, Mr. Datuk Chuah Kim Seah and Mr. Ung Chi Fong (Consortium) and Silver Heritage Limited as qualified to participate in the sales process.
Bids to purchase and operate the Complex are to be submitted on May 10, 2016 and will be opened in a public ceremony inVientiane, Lao PDR. The winning bidder will receive the Complex assets and a concession agreement granting it the right to operate the complex for a 50-year period.
