• 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 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
  • Macau Legend 1H loss narrows, turns EBITDA positive
    Macau Legend 1H loss narrows, turns...

    Aug 31, 2023  

  • Macau Legend to sell Savan Legend in Laos for US$45mln
    Macau Legend to sell Savan Legend in...

    Jun 14, 2023  

More news
  • Star Sydney has 6mths to regain licence, risks closure: report
    Star Sydney has 6mths to regain...

    Dec 06, 2023  

  • Lessons from NSW cashless gaming trial: Aristocrat CEO
    Lessons from NSW cashless gaming trial:...

    Dec 06, 2023  


Latest News

Star Sydney has 6mths to regain licence, risks closure: report

Star Sydney has 6mths to regain licence, risks closure: report

Dec 06, 2023  

Australian casino operator The Star Entertainment Group Ltd has been given a “six-month deadline” to regain the licence for its flagship Sydney casino, or face the possibility...
Read More
Lessons from NSW cashless gaming trial: Aristocrat CEO

Lessons from NSW cashless gaming trial: Aristocrat CEO

Dec 06, 2023  

South Korea key source of Vietnam tourists Jan-Nov

South Korea key source of Vietnam tourists Jan-Nov

Dec 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$250 million

Las Vegas Sands intends to pay to increase its shareholding in Macau casino operator Sands China by nearly 1.2 percent



Most Popular

  • Sands China ties to China’s Tencent Video, Maoyan EntSands China ties to China’s Tencent Video, Maoyan Ent December 4, 2023
  • Room for Macau casino industry top-line growth: CitiRoom for Macau casino industry top-line growth: Citi December 4, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • Soil remediation work starts at MGM Osaka siteSoil remediation work starts at MGM Osaka site December 5, 2023
  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parentBen Toh COO of SJM Resorts, Christopher Ip CFO at parent December 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us