• 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

Macau Legend eyes resumption of Cabo Verde project: report

Dec 16, 2022 Newsdesk Latest News, Top of the deck, World  


Macau Legend eyes resumption of Cabo Verde project: report

Hong Kong-listed Macau Legend Development Ltd is set to submit plans to resume construction of its gaming project in the maritime nation of Cabo Verde, off the coast of West Africa. That is according to the president of the islands’ inbound investment agency, Cabo Verde TradeInvest, José Almada Dias, in comments to Portuguese news agency Lusa.

Mr Almada Dias said construction of Macau Legend’s project in Cabo Verde had faced “some difficulties”, but that the promoters were expected soon to present a plan for its resumption.

Macau Legend’s casino resort will be located on a 152,700 square-metre (1.6 million sq-foot) land plot in Praia, the capital city of Cabo Verde, on Santiago Island.

“This project has faced some difficulties” in terms of resuming construction, due to a number of issues, including the negative impact of the Covid-19 pandemic, stated the official.

Mr Almada Dias told the media outlet that his agency has been in contact with the project promoters, and that a decision “will have to be taken” soon. “They [Macau Legend] are expected to present a recovery plan shortly”, said the official, adding that the promoters were interested in “moving forward” with the project.

Asked if the project could change hands, Mr Almada Dias stated there were no indications to that end. But he added: “The project will have to move forward, with this or other promoters.”

Macau Legend officially began construction in early 2016 of what was at the time described as a EUR250-million (US$266.2-million, at current exchange rates) project. The Cabo Verde project (pictured in an artist’s rendering) is to include luxury hotels, a casino, a convention centre, and a marina.

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.

Since then, the firm has recorded some impairment of non-financial assets related to its investment in the development of the complex in Cabo Verde.


  • 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
  • LVS ranked by S&P as most sustainable casino sector firm
    LVS ranked by S&P as most...

    Feb 08, 2023  

  • Crane aims to complete split into 2 listed entities by April 3
    Crane aims to complete split into 2...

    Feb 08, 2023  


Latest News

LVS ranked by S&P as most sustainable casino sector firm

LVS ranked by S&P as most sustainable casino sector firm

Feb 08, 2023  

International casino operator Las Vegas Sands Corp has been ranked as the most sustainable firm in the global casino sector, according to the 2023 edition of the S&P Global Sustainability...
Read More
Crane aims to complete split into 2 listed entities by April 3

Crane aims to complete split into 2 listed entities by...

Feb 08, 2023  

Macau mulls subsidy of up to US$62 per overseas visitor

Macau mulls subsidy of up to US$62 per overseas visitor

Feb 07, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"The company will scrutinise the [26 Capital] lawsuit and properly deal with it"

Universal Entertainment

Japanese firm that controls the Okada Manila casino resort in the Philippines



Most Popular

  • Macau early Feb average daily GGR higher than Jan: JPMMacau early Feb average daily GGR higher than Jan: JPM February 6, 2023
  • Macau mulls subsidy of up to US$62 per overseas visitorMacau mulls subsidy of up to US$62 per overseas visitor February 7, 2023
  • Ex-junket boss Levo Chan aimed to go to Taiwan: policeEx-junket boss Levo Chan aimed to go to Taiwan: police February 7, 2023
  • SPAC partner in Okada Manila listing sues Universal Ent sideSPAC partner in Okada Manila listing sues Universal Ent side February 7, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us