Melinda Chan Mei Yi, wife of David Chow Kam Fai, a founder of Macau hotel and satellite casino services firm Macau Legend Development Ltd, has exited the board of the firm. That is according to a Friday filing by the company, after market hours.
The retirement of Ms Chan (pictured in a file photo) as an executive director became effective from the conclusion of the firm’s annual general meeting, held the same day.
The filing also said that Charles Wang Hongxin had retired from office as an independent non-executive director at the same meeting.
Friday’s announcement stated that two female appointees: Lam Shu Yan and Ma Cheuk Ling, were respectively elected as an executive director and an independent non-executive director of Macau Legend.
The board changes came four days after news that Macau Legend would have to close Casino Legend Palace by year end. That was after its gaming licence controller, SJM Holdings Ltd, had decided not to continue to run the place under the revised regulatory framework that comes into place for former satellites on January 1, 2026, following a three-year grace period to allow for possible transition to a management fee model.
The ties of Ms Chan and her husband to Macau Legend had been steadily reducing for some years. The company runs the Macau Fisherman’s Wharf, a waterfront complex on the Macau peninsula.
Ms Chan had been appointed in March 2022 as Macau Legend’s chief executive on an interim basis following the detention in January that year of her predecessor, Levo Chan Weng Lin, who had been boss of Macau junket brand Tak Chun, and had taken a stake in Macau Legend in 2020.
In December 2022, Ms Chan stepped down as interim CEO, but remained an executive director.
In April it emerged that Mr Chow, a former co-chairman of Macau Legend, had reduced to 0.39-percent his stake in the company, down from the 9.89 percent he held until late March this year.
At its height as a satellite casino service provider, Macau Legend controlled business at several SJM Holdings-licensed properties in Macau.
