After advising Net Holding of its take-over of the management of the Casino Montenegro and the Casino Avala earlier this year (as reported by CEE Legal Matters on April 8, 2016), the firm has now assisted Net Holding on its entrance into a management agreement for the Casino Royale Splendid in the five-star Splendid Hotel. The deal was closed in May 2016.
The Splendid Hotel is located in the small town of Becici in Montenegro, and when it opened in 2006 it became the first 5 star hotel on the eastern coast of the Adriatic sea. The hotel is 3 kilometers away from Budva, the tourist capital of Montenegro, and has its own private beach on the Adriatic. The Casino, which is located on the 10th floor of the resort, opened its doors in 2010.
The firm’s team was led by Managing Senior Associate Luka Popovic.
Image Source: splendidcasinoroyale.com