In a filing with the Hong Kong Stock Exchange last week MelcoLot Ltd, a subsidiary of Lawrence Ho’s Melco International Development Ltd announced that they are no longer seeking an agreement to build a casino in the Georgian capital of Tbilisi. The announcement comes after Sheikh Nahayan bin Mabarak Al Nahayan’s Dhabi Group, who controls the site of the proposed casino project, failed to come to terms with Melco on a lease agreement. “Although every effort has been made to negotiate with Dhabi […]

The post Lawrence Ho’s MelcoLot pulls out of Black Sea casino bid appeared first on World Casino News.