A week after signing a contract to inaugurate the first integrated casino resort for the island nation of Cyprus and Melco International Development Limited has officially abandoned its plan to bring a similar operation to Spain. Hong Kong-based Melco International Development Limited is the firm behind Asian casino giant Melco Resorts and Entertainment Limited, which operates the giant City of Dreams Macau and Studio City Macau developments, and made the revelation on Friday via a statement to the NASDAQ stock […]

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After approving the development master plan for the proposed Tourist And Recreation Complex near Barcelona in January, local officials for the Catalonia region of Spain have now granted the companies interested in opening the development’s two casinos another three months to submit their finished designs. Formerly known as BCN World, work on the massive development due to be located around 60 miles south of the Catalonian capital was set to begin in the summer after the receipt of proposals by […]

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Center Recreatiu i Turístic (CRT) formerly known as BCN World, in Vila-seca and Salou, about 100km down the coast from Barcelona, is set to begin construction this summer. A recent study released by Professors at The public university of Tarragona (Universitat Rovira i Virgili) expects construction of the project to generate about 12,000 jobs and produce an economic impact in the area of some 1,559 million euros annually. The project’s Urban Master Plan was finalized and approved late last year […]

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In Spain, local officials have reportedly approved the development master plan for the proposed Tourist And Recreation Complex near Barcelona following the completion of a six-month public consultation period. Formerly known as BCN World, the massive development due to be located around 60 miles south of the Catalonian capital city could now house up to two casinos with Melco Crown Entertainment Limited reportedly competing with Hard Rock International for one such gambling license while the second is being coveted by […]

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The boss of Cirsa Gaming Corporation has declared that his firm will not be taking part in the coming BCN World complex near Barcelona as he believes the giant development in north eastern Spain will not attract sufficient visitors to be profitable. According to a report from G3Newswire, Joaquim Agut, Chief Executive Officer for Terrassa-based Cirsa Gaming Corporation, made the revelation at last week’s 15th annual Jornadas Gresol business conference in La Pineda while declaring that the Catalonian project would […]

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Chinese sports lottery operator MelcoLot Limited has released its financial results for the first half of 2016 showing a 41% increase year-on-year in total revenues to $4.38 million while its net loss narrowed by over 38% to $1.54 million. According to a report from the Macau Business Daily newspaper, the Hong Kong-based firm reported a net loss of $2.49 million for the initial six months of 2015 and has been helped by a surge in sales of lottery terminals and […]

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BCN World is a large resort complex to be built in Catalonia, an area of Spain, that will include entertainment as well as leisure activities. Three well-known companies have now shown interest in the project, with a bond of €2.5m deposited by Peralada, Melco and Hard Rock as a commitment to buy land connected to the project. The land will be used for casinos, hotels and retail space. The three companies sent representatives to meet with the President of Catalonia […]

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In the area of Salou and Vila-seca, a project known as BCN World is going to be scaled down and feature less casinos and hotels than planned. The entertainment complex in Spain will see work begin once again in the summer of next year based on information provided by the Vice President of Catalonia Oriol Junqueras. The Vice President stated the new project will be titled the Tourist and Recreation Complex and will not be as ambitious as previously planned. […]

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Melco International Development Ltd (HKG: 0200) and Lawrence Ho’s Hong Kong-listed MelcoLot Ltd (HKG:8198) announced in a filing on Tuesday with the Hong Kong Stock Exchange that a deal between the two regarding a Catalonia, Spain casino project announced in October 2015 will be terminated. Tuesday’s announcement is in keeping with a statement in their January 2016 filing that the companies’ bid to operate a casino in Spain hinged on obtaining approval of the regional government’s Master Plan for the […]

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BCN World is a super mega complex that is in the process of being constructed on 8.25 kilometres of land which is located in the province of Tarragona. It is about an hour away from Barcelona, Spain and will comprise of numerous casinos, theme parks, hotels, restaurants, a golf course, a beach club, water park and shopping centers. This massive project will create around 40,000 jobs for the people of Spain and is expected to go live sometime in 2016. […]

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