GGRAsia – Macau Legend to pay special dividend in July

Macau Legend to pay special dividend in July

Jul 05, 2018 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed casino services firm Macau Legend Development Ltd said on Wednesday that it would pay a special dividend on July 12, to shareholders whose names appear on the register of members of the company on July 4.

The board of Macau Legend in May declared a special dividend of HKD0.08 (US$0.010) per share, amounting to HKD501.4 million in total.

Macau Legend is the promoter of Macau Fisherman’s Wharf (pictured), a waterside entertainment zone near the Outer Harbour Ferry Terminal on Macau peninsula. The company also operates a casino in Laos, a property known as Savan Legend Resorts Hotel and Entertainment Complex.

The casino services firm reported revenue of almost HKD1.84 billion for full-year 2017, up by 24.8 percent from the previous year.

The company’s annual net loss however continued widening in 2017. Macau Legend posted a net loss of HKD507.3 million for the 12 months ended December 31. That compared with a loss of HKD277.5 million in the previous year, the firm said in a March filing.