• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau Legend starts construction of Cape Verde casino

Feb 11, 2016 Newsdesk Latest News, Macau, Top of the deck, World  


Macau Legend starts construction of Cape Verde casino

Casino services firm Macau Legend Development Ltd officially began construction of its EUR250-million (US$283-million) casino resort in the African island nation of Cape Verde, according to media reports.

A ceremony to mark the event was held on Monday, attended by David Chow Kam Fai, co-chairman and chief executive of Macau Legend, and by Cape Verde’s Prime Minister, José Maria Neves.

“This project will allow tourism in Cape Verde to reach new heights,” Mr Neves said during the event, quoted by Portuguese news agency Lusa. He added that the government’s goal was to increase the number of annual tourist arrivals to the country from the current 600,000 to about 2 million over the next few years.

“This project is another pillar for the development and transformation of Cape Verde,” Mr Neves stated.

Hong Kong-listed Macau Legend runs two casinos in Macau: Babylon Casino at Macau Fisherman’s Wharf; and Pharaoh’s Palace Casino at the Landmark Hotel, both on Macau peninsula.

The Cape Verde project (pictured in an artist’s rendering)– which will include luxury hotels, a casino, a convention centre and a marina – was officially confirmed last year, after years of discussions between Mr Chow and the country’s government. As part of the deal, Macau Legend was granted a 25-year casino concession and “an exclusive nationwide operation of online gaming, physical and online sports betting,” for a period of 10 years from the start of operations, according to company filings.

The casino resort will be located on a 152,700 square-metre (1.6 million square-foot) land plot in Praia, the capital city of Cape Verde, on Santiago Island. It will be Cape Verde’s largest tourism resort.

Construction is expected to take three years.

Mr Chow also acts as Cape Verde’s honorary consul to Macau.


  • tweet
Related articles
  • Tak Chun boss Levo Chan now CEO of Macau Legend
    Tak Chun boss Levo Chan now CEO of...

    Dec 30, 2020  

  • Tak Chun CEO ups to 33pct of Macau Legend, joins board
    Tak Chun CEO ups to 33pct of Macau...

    Nov 25, 2020  

More news
  • Londoner Macao first phase launch Feb 8 says Sands China
    Londoner Macao first phase launch Feb 8...

    Jan 21, 2021  

  • Grand Lisboa Palace backer SJM taps circa US$1bln in notes
    Grand Lisboa Palace backer SJM taps...

    Jan 21, 2021  


Latest News

Londoner Macao first phase launch Feb 8 says Sands China

Londoner Macao first phase launch Feb 8 says Sands China

Jan 21, 2021  

The first phase of the newly-rebranded Macau casino resort the Londoner Macao is to be launched on February 8, the property’s promoter Sands China Ltd, announced on Thursday. The company said the...
Read More
Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Jan 21, 2021  

Sands China sixth Macau op to pledge staff extra payment

Sands China sixth Macau op to pledge staff extra payment

Jan 21, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"Our expansion from 2021 and beyond will create tremendous opportunities to team members”

Francis Lui Yiu Tung

Vice chairman of Macau-based casino operator Galaxy Entertainment



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Wakayama casino RFP deadline affirms still 2 suitorsWakayama casino RFP deadline affirms still 2 suitors January 18, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us