Tag Archives: Fisherman’s Wharf
Laos – Macau Legend moves into international waters with Laos purchase
With its operations in Macau beginning to stabilise, Macau Legend Development Limited is looking to diversify its revenue streams with the purchase of Savan Vegas Hotel and Entertainment Complex in Laos. The operator of Fisherman’s Wharf, Pharaoh’s Palace Casino and Babylon Casino in Macau, will spend US$42m on buying Savan Vegas from the Ministry of…
China – Macau Legend warns of loss
Macau Legend Development, the operator behind two Macau casinos, has warned that it will record a loss for the six months ended June 30, 2015. The group operates the Babylon Casino at Fisherman’s Wharf and Pharaoh’s Palace Casino at the Landmark Hotel via a concessionaire deal with SJM Holdings. The company said in a filing…
China – Macau Legend calls for more Macau licences
Macau Legend Development has called for Macau’s government to issue satellite casino licences and extend the number of companies operating in the region to boost competition and drive revenue. Mr Chow, a former Macau law maker, said: “The government should encourage the development of local businesses and allow companies that have contributed to the development…
China – VIP and mass market booms for Macau Legend
Having launched on the Hong Kong stock exchange in July, Macau Legend Development Limited has seen half year gaming revenue increase by 19.2 per cent year on year to HK$623m. The surge has come from both the mass market and VIP sectors with revenue from mass market tables and VIP Rooms increasing by 20.8 per cent…
China – Volcanoes burned out in Fisherman’s Wharf overhaul
Macau Legend Development has confirmed it is redeveloping its Fisherman’s Wharf on Macau’s peninsula, replacing fake volcanoes and a Roman amphitheatre with an opera house and dinosaurs. Despite only raising US$283m, less than half of what it wanted when it floated on the Hong Kong stock exchange in July, Macau Legend’s owner David Chow believes…
