Macau Legend still in the hunt for own gaming license

Legend Palace Macau

Melinda Chan, Macau Legend executive director and president of the Macau Fisherman’s Wharf International Investment Limited, told the local media that her company is still focused on obtaining a gaming license of its own in a future public gaming tender.

Currently, Macau Legend operates three casinos–Legend Palace Casino, Babylon Casino, and Landmark Casino–under the auspices of the SJM Holdings gaming license.

“If the government gives a chance to local companies, and we get the chance to take part in the tender, of course, we will try our best,” Melinda Chan declared.

Meanwhile, Macau Legend Executive Director and CEO Levo Chan has been talking up plans to develop Fisherman’s Wharf, where most of the company’s properties are located, “We’re now working hard for a new plan for the Macau Fisherman’s Wharf, [aiming] to facilitate Macau’s development as the global tourism leisure center,” he told reporters.

While Levo Chan has a background in the junket industry with his tenure as head of Tak Chun, Melinda Chan says that so far this doesn’t really play into Macau Legend’s strategy.

“It is not a good time for junkets now. All junkets in big casinos are quiet and have even closed VIP rooms. For the time being, we are only focused on the mass market,” she noted.

Melinda also offered an update on the firm’s Cape Verde casino plans, which she says have been stalled by local government requirements, related to Covid-19, that have shut down the construction site.

“I can say that last year we had plans to complete the foundations. After we finish the foundations, we will stop for a while since afterwards we need to do a tender. But we cannot go there to see it ourselves. The architects are also from foreign companies, so we have not been able to get in touch with them either.”

The Cape Verde project involves the construction of a 250-room boutique integrated resort, a large swimming pool, as well as restaurants, bars, shops, and a marina. This project was launched in 2015 and was originally supposed to be completed this year.

Related Articles

Macau Legend reportedly tells staff to accept vouchers for bonus

The New Macau Gaming Staff Rights Association claims Macau Legend has told some casino staff to accept their annual bonus in the form of consumption vouchers, or face demotions. 
Levo Chan

Levo Chan becomes CEO of Macau Legend

Chan Weng Lin, also known as Levo Chan, has become the CEO of Macau Legend in addition to his role as co-chair of the board. He replaces Melinda Chan in the executive post.

Macau’s Nightclub D2 to close

Nightclub D2 at Macau’s Fisherman’s Wharf will close by the end of the year due to the reduction in tourism numbers caused by the pandemic.
Tak Chun CEO may make mandatory bid for Macau Legend

Tak Chun CEO may make mandatory bid for Macau Legend

Tak Chun CEO Chang Wen Lin may make a mandatory offer for all of the outstanding shares in Macau Legend for HK$1.9 billion ($245 million) after acquiring a stake in the operator.
Legend Palace Macau

Chan Weng Lin becomes largest shareholder in Macau Legend

Chan Weng Lin, also known as Levo Chan, chief executive of the junket-related Tak Chun Group, has become the largest shareholder in Macau Legend Development after the company’s founder, David Chow, and others sold down their shares. In a series of steps that unfolded this week, it first became clear that the Chan had taken […]
news, macau

Tak Chun junket boss acquires slice of Macau Legend

The mystery behind Macau Legend’s trading halt was resolved when it became known that Chan Weng Lin, also called Levo Chan, chief executive of the junket firm Tak Chun Group, has acquired a roughly 20.7 percent stake in Macau Legend. The purchase deal took place on September 11 through an offshore firm called Perfect Achiever […]
Macau Legend and Get Nice suspend trading under takeover and merger code

Macau Legend and Get Nice suspend trading under takeover and merger code

Macau Legend Development Limited and Get Nice Holdings have separately announced that they have been hit by trading halts over the takeover and merger code. The Macau Legend notice read, “trading in the shares of the company on the Stock Exchange of Hong Kong Limited has been halted with effect from 9:00 am on September […]

Macau Legend presses on with Cape Verde project

Cape Verde’s Minister of Tourism, Carlos Santos, is confident that Macau Legend will continue with its hotel and casino project, which at EU250 million ($294.8 million) is the largest on the island.

Macau Legend CEO says visitor numbers will remain muted

Macau Legend Development CEO Melinda Chan says that the gaming company does not expect a surge in tourist numbers as a result of the partial opening of the Macau-Guangdong border. Speaking to Macau News Agency on Friday, Chan said “We are waiting but I don’t think for these tourists we will see a large increase […]

Macau Legend’s Siem Reap land deal delayed

Macau Legend Development’s deal to acquire a 1,200-hectare plot of land in Siem Reap has been delayed due to “difficulties to the process caused by the COVID-19 pandemic,” according to a filing from the company to the Hong Kong Stock Exchange.  In December 2018, Macau Legend said it had agreed to buy land in Siem […]