Casino operator Macau Legend Development Ltd has announced the resignation of its executive vice president, chief financial officer and company secretary Chan Kin Man, with effect from July 1, 2016.
Chan’s position will be replaced by Lawrence Yuen Chin Yau, according to a filing to the Hong Kong Stock Exchange.
Mr. Yuen, aged 50, has held senior financial positions in companies in Hong Kong and China. He was previously the joint company secretary, authorised representative and qualified accountant of Shanghai Jin Jiang International Hotels (Group) Company Limited, and the chief financial officer of Shanghai Golden Bund Real Estate Co., Ltd, said the filing.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.