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Tag Archives: Macau Legend Development

Cambodia – Macau Legend looks for solution as land deal fails to complete in Siem Reap

Having announced a deal to buy land for a resort casino in Cambodia in 2019, Macau Legend Development has now confirmed that the deal is yet to be completed and that it is seeking a solution with the seller. The company said in May 2019 that it would spend $90m buying several parcels of land…

China – Macau Legend Development confident of adding more amenities despite downturn

Despite a 71 per cent fall in revenues for Macau Legend Development, leading to a loss of US$252m, investment from new Co-Chairman and Executive Director Levo Chan would see it add ‘more non-gaming tourism activities and facilities’ to its existing casinos. Casinos at the company’s Macau Fisherman’s Wharf (MFW) development; Legend Palace Casino, and Babylon…

China – Macau Legend seals Hengqin expansion plan with US$10.8m investment

Macau Legend Development has bought a 21.5 per cent share in Lai Ieng Investment Company Limited, the developer behind the Ponto shopping complex in Hengqin for HK$84.5m (US$10.8m). This ‘first large-scale shopping complex in Hengqin’ will offer over 300 shops including shopping, dining and entertaining experiences. Macau Legend already owns Macau’s Fisherman’s Wharf complex, including…

Cambodia – Macau Legend buys land for Integrated Resort in Cambodia

Macau casino group Macau Legend Development Limited has spent $90m buying several parcels of land in Siem Reap Province, in Cambodia, on which it intends to build an integrated resort (IR). The company said: “The acquisition of the land by the group is intended for construction and development of integrated resort in Siem Reap Province,…

China – Macau Legend sees gaming grow by 6.1 per cent

Macau Legend Development saw its revenue increase by 2.5 per cent year on year to HK$1,471.5m in 2016 with gaming revenue increasing by 6.1 per cent to HK$952.4m. Savan Legend contributed reported revenue of HK$98.2m during the first four months under the ownership of the Group. Gaming revenue of mass gaming tables at Pharaoh’s Palace…

China – Macau Legend opens 15 tables at Legend Palace Hotel

Macau Legend Development has held a grand opening ceremony for Legend Palace Hotel, the latest 5-star addition to the Macau Fisherman’s Wharf redevelopment project, complete with a casino. Co-Chairman, Executive Director and Chief Executive Officer, Mr. David Chow, said: “As another focus of the Macau Fisherman’s Wharf redevelopment project, Legend Palace is the second new…

China – Macau Legend down but not out as self-run VIP tables flourish

Macau Legend Development, the operator behind Babylon Casino at Macau Fisherman’s Wharf and Pharaoh’s Palace Casino at the Landmark Macau, both run via a licence held by SJM Holdings, reported a loss for the first six months of the year. It remained optimistic for the second half of the year pointing to the success of…

Laos – Macau Legend signs definitive documents to buy Savan Vegas

Macau Legend Development has signed the definitive sale documents, including the Project Development Agreement, the Asset Purchase Agreement, the Flat Tax Agreement and Land Lease Agreement with a company wholly-owned by the Government of the Lao People’s Democratic Republic to purchase the Savan Vegas Hotel and Entertainment Complex, a full-service casino, hotel and resort located…

Laos – Deadline extended for Macau Legend’s purchase of Savan Vegas

The deadline for Macau Legend Development’s proposed US$42m acquisition of the Savan Vegas Hotel and Entertainment Complex in Laos has been extended by a month until the end of August. The deal will be extended further until September 10 if necessary, the company said in a filing to the Hong Kong Stock Exchange. The casino…