A company controlled by Macau casino tycoon Lawrence Ho is bidding for a license to operate a casino near Barcelona as part of Catalonia’s planned BCN World resort complex.
MelcoLot, a lottery supplier to mainland China controlled by Ho’s Hong Kong-listed Melco International Development, said a wholly owned subsidiary, Instant Glory Holdings, is a shareholder in a company called BCN Integrated Resorts 2, a 50-50 joint venture with Veremonte España, the investment group promoting BCN World.
MelcoLot added that it is now engaged with Veremonte in “the preparation and assessment of detailed development proposals and granting of authorizations.”
News reports say at least two other major operators, Hard Rock Cafe International and Caesars Entertainment, have submitted bids for casinos in BCN World in partnership with Veremonte, which is proposing.
Media reports said both also are partnering with Veremonte, whose plans for BCN World include casinos, hotels, convention facilities, residential housing and entertainment and leisure attractions with a minimum investment from prospective gaming licensees of €300 million (US$403 million).