Junket operator Jimei International Entertainment Group Ltd has scrapped talks to participate in a Macau casino VIP gambling operation.

On Wednesday, Jimei informed the Hong Kong Stock Exchange that it had terminated negotiations to indirectly participate in a profit sharing deal with a Macau VIP gaming promoter. The filing didn’t identify the Macau promoter, but a earlier filings identified the operator as New International Club Ltd, which is a licensed VIP promoter that had reportedly been negotiating a deal to operate around 30 VIP tables at the Wynn Macau casino.

It had been well over two years since Jimei began talks with New International Club regarding the VIP profit participation deal and the deadline was extended again in March until the end of June. With just one week to go, Jimei decided to walk away after determining that “no agreement could be reached with the concessionaire upon such prolonged period of negotiation.”

Jimei assured its shareholders that the termination of the talks wouldn’t have “any material adverse impact on the business, operation and financial position of the Group” and that none of the parties involved in the talks have any liabilities toward the other.