Hong Kong-listed casino services provider Macau Legend Development Ltd announced on Friday the appointment of David Chow Kam Fai (pictured) as an alternate director able to act in the stead of his mother, Lam Fong Ngo. The new arrangement took effect the same day.
Mr Chow is the incumbent co-chairman and chief executive of Macau Legend. Ms Lam is the vice chair and an executive director of the firm.
The filing did not say why Mr Chow, aged 68 – according to the filing – is becoming an alternate director to Ms Lam, aged in her early 90s according to Hong Kong media reports. But the announcement noted that the appointment would be effective either “until Madam Lam ceases to be a director”, or “David Chow’s appointment as an alternate director has been revoked by Madam Lam”.
Mr Chow is a founder of the waterfront casino and hotels project Macau Fisherman’s Wharf, which is now part of the group’s assets. Other family members have management positions either at Macau Legend or units of the business.
Mr Chow’s son, Donald Chow Wan Hok, is a Macau Legend executive director, the firm’s corporate development director, and also a director of the group’s Babylon Casino. Mr Chow’s wife, Melinda Chan Mei Yi, is the president of Macau Fisherman’s Wharf International Investment Ltd. According to the relevant filing, David Chow is also the father-in-law of Adriano Pinto-Marques, the hotel manager of Harbourview Hotel and the Rocks Hotel. Both properties are at Macau Fisherman’s Wharf.
David Chow has an interest in - according to the Friday filing – approximately 29.28 percent of the total issued share capital of Macau Legend, of which 5.1 percent was held via a short position.
May 13, 2021The Japanese prefecture of Wakayama (pictured) has confirmed to GGRAsia that it has received a notice of withdrawal from Suncity Holdings Japan Co Ltd regarding the local government’s...
May 13, 2021
May 12, 2021
”We expect to return to 2019 levels for key financial metrics this year”
Chief executive of gaming and lottery provider IGT