Saturday, May 25, 2024 - Login

Venetian ends sports contract with Lander Real Estate


The Venetian Macao has terminated a contract signed at the beginning of the month with Chinese company Lander Real Estate Co. Ltd. for the promotion of sports business in and outside Mainland China. 

The operator sent a letter to the Chinese company last week detailing its wish to cancel the contract without explaining its reasons, Lander Real Estate said in a press release.

‘Based on the principle of mutual respect, the company [Lander Real Estate Co. Ltd.] agreed to terminate the co-operation agreement with The Venetian Cotai’, the press release read.

‘This termination does not generate debts, or affects the company’s production operations and profits’, it stressed.

Sands Resorts Cotai Strip Macao had entered into a long-term strategy partnership with Lander Real Estate to co-develop sporting events both nationally and abroad. 

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief