Macau Legend eyes SE Asia expansion

Macau-based casino operator Macau Legend is eyeing further expansion in Laos and is interested in projects in Cambodia and Vietnam as tourism traffic to Southeast Asia grows and transport infrastructure improves.

Speaking on the sidelines of a panel at G2E Asia, Macau Legend Executive Director Sheldon Trainor said the company is currently expanding its current Savan Legend resort in Laos to add facilities, such as a new golf course and more VIP gaming. The operator is also in talks with the government over other potential resort projects in the country, he said.

Macau Legend took over the Laos property, formerly known as Savan Vegas, in 2016 and has renovated the resort to improve services and facilities. Trainor said it’s now “the nicest IR in Southeast Asia” and is seeing higher levels of visitation.

In 2018, the resort contributed HK$231 million in gaming revenue. The prior year, it reported $106.2 million in revenue from mass tables.

The company, which operates the Fisherman’s Wharf casino in Macau, is also buying a plot of land in Siem Reap Cambodia, about 50 km from the Angkor Wat temple complex. However, it’s unclear at present whether the government will allow a resort in the area to include a casino.

“We have a desire to move into Cambodia, but there is Naga and 139 other casinos and that makes us a little nervous about the competition,” Trainor said on the panel discussion. “That said we are still convinced about the opportunities in Cambodian tourism.”

Trainor said at present about half of the six million tourists who visit Cambodia also visit Angkor Wat, with that figure likely to rise, making a strong case for an up-scale resort in the area.

Vietnam is another market Macau Legend would like to tap.

Trainor said any expansion doesn’t necessarily mean development from scratch, but could involve taking over and renovating an existing property, much in the same way it has done with Savan Legend.


Related Articles

Macau Legend 2020 loss balloons, revenue falls 70%

Macau Legend said 2020 revenue fell 70.3 percent to about HK$700.7 million and its net loss ballooned to $1.95 billion.

Macau Legend warns of 2020 loss of up to HK$2b

Macau Legend warned it expects to post a loss of about HK$1.9 billion to HK2 billion for 2020 due to Covid restrictions, compared with a loss of about HK$190 million the year earlier.
Legend Palace Macau

Macau Legend still in the hunt for own gaming license

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.

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 […]