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Tag Archives: MelcoLot

Georgia – Melco pulls the plug on current Tbilisi plan

Melco International has axed plans to open a casino in Georgia’s capital of Tbilisi. The unit involved with the Georgian project MelcoLot said it had failed to agree terms to lease land owned by Dhabi Group Georgia. “Although every effort has been made to negotiate on the lease terms, the parties are unable to reach…

Spain – MelcoLot to go it alone as Veremonte pulls out of BCN World

Hong Kong-based MelcoLot has confirmed that it ‘remains interested’ in the tender process to operate a casino at BCN World in Barcelona, Spain, despite having severed a deal to bid for a licence with Veremonte España SL. Veremonte is reported to have walked out on the project having missed a second funding deadline and passing…

Georgia – Melcolot just weeks away from landing Georgian casino licence

Chinese lottery company Melcolot is likely to receive a casino operating licence from the Georgian government in the next few months. The company, which counts Melco Entertainment Chairman Lawrence Ho on its board, wants to develop a casino in the Georgian capital of Tbilisi. Georgian Deputy Economic Minister Ketevan Bochorishvili said that Melcolot would probably…

Georgia – Ho has high hopes of Georgian casino

Lawrence Ho, Co-Chairman of Macau-based operator Melco Crown Entertainment, is looking to open a casino in the Republic of Georgia. According to a filing to the Hong Kong Stock Exchange, Mr. Ho is hoping to secure $50m through the sale of shares in a special purpose vehicle via his Chinese lottery company MelcoLot Limited. He…