Australian Tabcorp Holdings is as they failed to reach a deal no longer talking with with Richard Branson’s Virgin Group on plans to develop a US$3 billion casino in Macau.

It is still understood that Virgin is still talking to other potential partners on plans to build and run a casino and resort development in Macau.

Another source said Virgin was still talking to a number of other potential partners on the development in Macau, which is already home to a large gambling industry.