Macau Legend Development expects its first-half loss to narrow by about 90 percent after a HK$1.27 billion ($163.1 million) impairment recorded a year earlier did not recur.
The former Macau satellite casino operator forecast a loss of approximately HK$136.8 million ($17.5 million) for the six months ended June 30th, down from HK$1.42 billion ($182.2 million) in the same period of 2025.
The company said in a Hong Kong Stock Exchange filing Thursday that the significant reduction was primarily attributable to the absence of impairment losses on non-financial assets.
Macau Legend recognized approximately HK$1.27 billion in impairment charges from continuing operations in the first half of 2025, following the planned termination of its satellite casino arrangement with SJM Resorts.
Excluding that charge, the prior-period loss would have been approximately HK$148.6 million ($19.0 million), based on figures in the latest filing. The comparison indicates that most of the headline improvement resulted from the non-recurrence of the impairment rather than a major reduction in the remaining loss.
The reporting period was Macau Legend’s first full half-year without gaming operations. Casino Legend Palace, located within the company’s Macau Fisherman’s Wharf complex, ceased operations on November 12th, 2025, ahead of the termination of Macau’s traditional satellite casino model.
Macau Legend previously said it would shift its focus toward non-gaming activities, including hotels, conventions and exhibitions, food and beverage operations, and property leasing.
Full interim results are expected to be published by the end of August.
