Tag Archives: Macau Legend Development
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…
Portugal – Macau Legend to invest in Tróia and build new casino in Setúbal
Macau Legend Development Limited has entered into a Memorandum of Understanding with the Setúbal Municipality in Portugal for the proposed development of an integrated leisure, tourism and entertainment project. The first phase of this project will include a hotel, a shopping area, a residential area, a marina, a parking lot, a new multi-sport pavilion and…
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…
Cape Verde – Macau Legend starts Cape Verde casino construction
Macau Legend Development has officially started construction of its €250m casino resort in Praia in Cape Verde, located in the Atlantic Ocean off the coast of Western Africa, in what it believes will be a three year build. The project, which will be Cape Verde’s largest tourism resort, will include a 152,700 square-meters integrated resort…
Cape Verde – Macau Legend to develop $200m casino resort on Cape Verde
Macau Legend Development has confirmed its plans to develop a world-class integrated leisure, tourism and entertainment project in Cape Verde to the tune of HK$2.15bn (US$200m). The Macau-based operator, who operates the Babylon Casino at Fisherman’s Wharf and Pharaoh’s Palace Casino at the Landmark Hotel via a concessionaire deal with SJM Holdings, is looking to…
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…
