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Macau Legend completes sale of Laos casino

Friday 17 de May 2024 / 12:00

2 minutos de lectura

(Macau).- Macau Legend Development Ltd, the owner of the Macau Fisherman’s Wharf precinct and operator of satellite casino Legend Palace, has completed the sale of its Laos casino, Savan Legend, as part of a US$45 million deal.

Macau Legend completes sale of Laos casino

The company confirmed via a Hong Kong Stock Exchange filing that Eminent Innovations Limited, a company that is 51% owned by the purchaser, had met the suitability requirements of the government of Lao PDR, and that Macau Legend’s own MLD Laos unit has obtained the necessary consent from the government for the disposal.

Completion of the disposal therefore took place on Thursday 16 May, with all right and obligations transferred to Eminent Innovations to assume operations of the casino.

“The Group no longer has any interest in the Target Company and the Target Company ceased to be accounted as a subsidiary of the Group,” Macau Legend said.

The disposal comes after the company revealed in June 2023 that it had signed a Letter of Intent with Japanese businessman Shundo Yoshinari in relation to Savan Legend.

Macau Legend said at the time that it was selling its Laos casino because its financial performance had been unstable and had been subject to “increasingly onerous restraints in Lao PDR, thereby limiting its profitability in the future.”

The company has stated its intention to focus its energies onto its Macau assets, having in early 2023 signed a new three-year deal with SJM to continue running the casino at Legend Palace on the Macau peninsula.


Tags: Sin tags

País: Macao

Región: Asia


PGS, Perú Gaming Show 2024

12 de June 2024

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(Lima, SoloAzar Exclusive).- Rony Vexelman, Marketing Manager of Optimove, presented the conference “Maximizing AI, the evolution of roles in iGaming”, within PGS event, held last week in Peru. From SoloAzar we share the highlights of the talk that shows how AI impacts online gaming and sports betting marketing campaigns.

Tuesday 18 Jun 2024 / 12:00

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(Lima, SoloAzar Exclusive).- Busy halls, a wide range of products and outstanding topics in the conferences are some of the highlights of PGS 2024, which ended yesterday at the Lima Jockey Exhibition Center. Satisfaction on the part of organizers, exhibitors and visitors due to the positive balance of the show.

Friday 14 Jun 2024 / 12:00

The exclusive Zitro Experience Event celebrates growth in Perú

(Lima).- Zitro held its Zitro Experience event on June 12th at the exclusive Villa Cosentino in Lima, Peru. The event was a unique opportunity to network in a relaxed atmosphere, while customers enjoyed a spectacular product presentation, followed by a fantastic musical performance.

Friday 14 Jun 2024 / 12:00


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