Macau Fisherman's Wharf
Macau Legend said it expects to post a loss in the six months to end June, compared with a profit the year earlier, as gains from the sale of a unit won’t be repeated.
The group had a profit of HK$2.85 billion ($364.2 million) in the first half of 2018 after making a gain of about $3.01 billion from the disposal of New Macau Landmark Management.
Macau Legend operates the Fisherman’s Wharf complex in Macau as well as the Savan Vegas in Laos. The company is also developing a resort in Cape Verde.
The company said it is still in the process of finalizing its results for the period, which are expected to be published in late August.
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.
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 […]
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 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 […]
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 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 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 […]