Legend Palace to start trial operations mid-Jan

Legend Palace Hotel will start trial operations in mid-January, just before Chinese New Year, according to Macau Legend Development co-chairman and chief executive officer David Chow.

The hotel development, which is the latest project by Macau Legend Development Ltd., is located at the end of the Fisherman’s Wharf complex on the Macau Peninsula.

The new hotel will have 223 rooms, said Chow, who says the hotel market there still presents opportunities. It will also include a casino.

Chow says he is “cautiously optimistic” about opening the property in January, and said he perceives a necessity for the new hotel to dovetail into the notion of the city as a World Heritage and Cultural Centre.

The chief executive also has affirmed his intention to obtain approval for an 80,000 square foot exhibition hall in the project, which will be submitted in January.

More news from this jurisdiction

MacauThursday, Mar 23, 2017

Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said.

Macau, PhilippinesWednesday, Mar 22, 2017

Gaming suppliers, facing the challenge of changing audience demographics and new technology, need to move to “bigger and brighter” machines to lure clients into casinos, industry experts say.

MacauWednesday, Mar 22, 2017

Melco Crown Entertainment has followed Macau rivals in announcing a pay rise for non-management employees, as analysts warn cost pressures in the territory are on the rise again.

MacauMonday, Mar 20, 2017

Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptick in VIP gaming, Morgan Stanley wrote in a note.

MacauMonday, Mar 20, 2017

Authorities suspect foul play in a fire that broke out at the construction site of SJM Holding’s new casino on Cotai, the Grand Lisboa Palace, local media reports.

MacauMonday, Mar 20, 2017

Sands China said its board has recommended a final dividend of HK$1.00 ($0.13) per share for 2016, unchanged from the prior year.

MacauMonday, Mar 20, 2017

Bernstein has revised its GGR estimates for the first quarter of 2017, forecasting 10 percent growth, led by 12.5 percent growth in VIP and 9 percent growth in mass.