Macau Legend has completed the sale of its Savan Legend Resorts in Savannakhet, Laos, to Japanese buyer Shundo Yoshinari.

The operator of Macau Fisherman’s Wharf, Macau Legend, has announced its intention to sell its entire interest in its Laos gaming operation – Savan Legend Resorts Hotel and Entertainment Complex - for some $45 million.

Macau’s Fisherman Wharf operator, Macau Legend Development Ltd, has announced another extension of the timeline for finalizing arrangements related to the planned sale of a casino resort business in Laos. The new deadline is now set for May 3rd.

The deadline for the completion of Macau Legend's sale of its Savan Legend hotel and casino property has been extended until April 15.

Macau-based company Sanum Investments Ltd has won a litigation case in a commercial dispute against the Laos-based gambling group responsible for the development of the Savan Vegas Hotel and Entertainment Complex, located in Savannakhet Province in Laos.

Macau Legend has announced that it will be receiving some $6 million less than initially expected for the sale of its 100 percent interest in its Laos casino operation: Savan Legend.

After selling the Laos casino Savan Legend this June, Macau-based gaming operator Macau Legend Development Ltd announced it is actively developing non-gaming businesses in order to reduce dependence on gaming.

Satellite casino operator Macau Legend has recorded a loss of some HK$182.5 million ($23.26 million) for the first half-year, according to results filed with the Hong Kong Stock Exchange. The group saw overall revenues fall by some 22.7 percent yearly, hitting just HK$420.4 million ($53.58 million) during the six-month period.

Macau Legend has significantly narrowed its loss in 2022, down 48 percent from the previous year, reaching HK$607.2 million ($77.35 million) but remains concerned that its debt could ‘cast significant doubt on the Group’s ability to continue as a going concern’.

Macau Legend remains bullish in junketless, pandemic hit Macau, estimating that when the tourism industry rebounds and recovery starts, the company is well-positioned to take advantage of the boom.