Casino hotel Landmark Macau now New Orient Landmark
The casino hotel Landmark Macau has been officially renamed as “New Orient Landmark Hotel” (pictured) on Tuesday. The rebranding followed the sale of the casino hotel – completed in April – by casino services firm Macau Legend Development Ltd.
Ground checks by GGRAsia on Wednesday saw no signs of changes to the existing “Pharaoh’s Palace Casino” inside the hotel property, which is still managed by Macau Legend, under the licence of Macau casino concessionaire SJM Holdings Ltd.
The sale of the hotel for a consideration of HKD4.60-billion (US$586.1 million) helped Macau Legend book a profit of HKD2.85 billion for the first half of this year.
GGRAsia was not able to reach Macau property investor Chong Sio Kin – the new majority owner of the hotel property – for comments on the rebranding exercise by the time this story went online. Mr Chong said in November in an interview with GGRAsia that he aimed to “enhance the gaming services” at the venue.
Mr Chong is the chairman of a Macau property development firm, New Orient Group.
The New Orient Landmark is located on Macau peninsula, and is an approximately 15-minute walk from Macau Fisherman’s Wharf. The property, which is classified by the Macau government as a 5-star hotel, offers 439 rooms.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Partners
Most Popular
CNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021 
Police find US$11m of missed Landing cash, suspects sought January 14, 2021 
Still Asia focus for LVS post chairman death: Bernstein January 14, 2021 
Quality fake chips sold online found at Macau casino January 13, 2021 
Melco Resorts debt/EBITDA ratio to worsen in 2021: Moody’s January 14, 2021