Feb
19
Tabcorp breaks up with Virgin
Filed Under Macau, Cotai, Virgin, Tabcorp | Leave a Comment
That was quick.
Reuters is reporting that a source familiar with the Tabcorp / Virgin negotiations is claiming that the two companies have decided to end a partnership that would have had the two companies jointly develop a casino complex in Macau. (*more below the ads*)
Source: “We can’t see that (partnership) going anywhere. These things happen all the time”
This unnamed source also believes that Virgin is still talking to a number of other interested parties.
Source:”Virgin are obviously moving forward and still talking to partners”
The two most vital ingredients of a potential Virgin casino are still unknowns - location and concessionaire.
Jan
31
Melco PBL Tabcorp Macau Hotel & Casino is just too long of a name.
This article from The Australian is a few days old, but there are two things that need to be mentioned.
1) Tabcorp could be teaming up with Virgin to buid a casino resort in Macau according to the South China Post
- The Australian reports that, “It is understood that talks between Tabcorp and Virgin have been under way for several months”, and
- “if the Macau deal goes ahead, there is potential for the two companies to extend their partnership to other parts of Asia and Australia, as well as Las Vegas”, plus
- Tabcorp’s Matthew Slater “is said to have travelled to the UK, Macau and Las Vegas recently” (**more below the ads**)
2) Tabcorp may not be around long though
- Citicorp reported that speculation “abounds that Tabcorp is next to go” to fuel the rumors over the past month that Tabcorp was a takeover target, according to the paper
- Tabcorp’s possible suitor could be James Packer’s PBL
So, putting 2 and 2 together answers my previous question of who could be the manager of Virgin’s Macau Casino - Melco PBL. Now if I could just figure out why The Donald is no where to be seen yet.