• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

CEO says Macau Fisherman’s Wharf not sold: report

Aug 10, 2020 Newsdesk Latest News, Macau, Top of the deck  


CEO says Macau Fisherman’s Wharf not sold: report

Casino services and hotel operating firm Macau Legend Development Ltd has “not sold” its gaming and tourism complex Macau Fisherman’s Wharf, nor does it intend to “give up the Macau market”. So said the firm’s chief executive Melinda Chan Mei Yi (pictured in file photo).

Ms Chan made the remarks in an interview published on Monday by Hong Kong-based Chinese-language newspaper Ming Pao.

GGRAsia understood from industry insiders that some of the city’s junket firms had been among parties that had shown interest in acquiring the Macau Fisherman’s Wharf, a waterfront property located close to the Outer Harbour Ferry Terminal in Macau peninsula.

In remarks to the Hong Kong media outlet, Ms Chan said that her firm was not “actively” seeking to dispose of Macau Fisherman’s Wharf. But the Macau Legend CEO confirmed that it has seen interest from third parties on the waterfront property. Macau Legend had received some “enquiries” on the matter, she added.

Ms Chan denied however that there was a “signed agreement” for the the disposal of the Macau Fisherman’s Wharf complex. She said additionally that the company was still committed to the Macau market, reiterating plans to add “new features” to the waterfront property.

Macau Fisherman’s Wharf currently has two gaming venues: Babylon Casino, which has no hotel; and Legend Palace Casino, inside the Legend Palace Hotel. Both gaming venues are managed by Macau Legend, via the licence of SJM Holdings Ltd, under so-called service agreements. There are currently three hotels within the complex.

Ms Chan said in June that Macau Legend was to redesign a planned project called Legendale Hotel, which would add a fourth accommodation tower to the Macau Fisherman’s Wharf.

The Hong Kong-listed company reported a net loss of HKD172.4-million (US$22.2-million) in 2019, on revenue that actually rose 26.5 percent. Such revenue was just under HKD2.36 billion, from about HKD1.87 billion a year earlier.

Outside Macau, Macau Legend controls and runs gaming at Savan Legend Casino in Laos, in Southeast Asia. The firm is also constructing a hotel and casino complex in Cape Verde, Africa, and it looks to host a soft opening of the new business in “late 2021”, according to its 2019 annual report filed to the Hong Kong bourse in late April.


  • tweet
Related articles
  • Legend Palace sole casino satellite op of Macau Legend: firm
    Legend Palace sole casino satellite op...

    Jan 10, 2023  

  • Macau Legend to run satellite casino ops under SJM
    Macau Legend to run satellite casino...

    Jan 09, 2023  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us