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Tag Archives: Savan Vegas

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…

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…

Laos – Sanum Investment sues Lao Government over Savan Vegas

Lao Holdings, the parent company of Sanum Investments Limited, has filed three legal actions in the past week against the Lao Government for violating the 2014 settlement agreement reached by both parties, stipulating the sale of the Savan Vegas Hotel and Casino, and other assets, for maximum value to the benefit of all parties. These…

Laos – Six companies to bid for Savan Vegas

Six companies have expressed an interest and have been approved to bid for the purchase of Savan Vegas Hotel and Entertainment Complex, a fully-fledged casino hotel located in Savannakhet in Laos, close to the Thailand border. San Marco Capital Partners (SMC), the exclusive sales agent working on behalf of the Government of the Lao People’s…

Laos – Laos government looks for owner for Savan Vegas

Savan Vegas Hotel and Entertainment Complex, a fully-fledged casino hotel located in Savannakhet in Laos, close to the Thailand border, has been put up for sale by the Laos government. The sale will be handled by US private investment company San Marco Capital Partners who will hold a competitive bid process on behalf of the…

Laos – Sanum stalls on Investment

Macau-based Sanum Investment is stalling on its development plans for Laos due to what it says is diminished confidence in operations in the country bordered with Cambodia, Thailand and Vietnam. The operator opened its Savan Vegas casino and hotel in Savannakhet province in 2008 and is currently attracting between 8,000 to 10,000 players a month….