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Laos – Macau Legend sells Savan Legend casino in Laos for US$39m

By - 22 December 2023

Macau Legend Development has sold its Savan Legend casino in Laos for US$39m to to Shundo Yoshinari, a Japanese businessman, around $6m less than originally envisaged.

The sale is part of a strategic reallocation of resources towards Macau Legend’s casinos in Macau, Macau Fisherman’s Wharf and Legend Palace casino, a satellite casino under SJM’s licence..

Although the casino and hotel business in Lao was turning a profit, Macau Legend said its financial health was unstable and subject to ‘increasingly onerous restraints in Lao.’

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