Melco officially puts down Catalonia IR opportunity

Melco International Development Ltd has officially announced it is no longer pursuing an integrated resort development in Catalonia, focusing instead on other opportunities.

The company on a Friday press statement to NASDAQ said it “decided not to participate in the current bidding process owing to other committed development projects in the pipeline.”

Melco was originally looking to bid on the Center for Recreation and Tourism IR project in Spain.

“The Company thanks the Government of Catalonia for their collaboration and guidance during these years,” said the company in a statement.

“Melco International is looking forward to keep working with the Catalan Government, the local authorities and local partners for exploring future opportunities at the CRT.”

Melco announced last week it was granted a license to operate and maintain an integrated casino resort in Limassol, Cyprus for a period of 30 years.