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Tabcorp out of Macau talks

19 Feb 2007

SYDNEY, Australia – As reported by Reuters: "Australian wagering firm Tabcorp Holdings (TAH.AX) was no longer in talks with Richard Branson's Virgin Group on plans to develop a US$3 billion (1.5 billion pound) casino in Macau, sources familiar with the situation said Monday.

"However, Virgin was still talking to other potential partners on plans to build and run a casino and resort development in Macau, a former Portuguese territory in southern China, one source said.

Billionaire Branson visited Macau along with Tabcorp boss Matthew Slatter only last month to look at potential sites and partners, but both sides have since failed to reach a deal…"

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