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.

Macau Legend profit warning (Company filing)

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.
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 […]

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.