Macau Legend completes sale of Laos casino
Friday 17 de May 2024 / 12:00
⏱ 1 min read
(Macau).- Macau Legend Development Ltd, the owner of the Macau Fisherman’s Wharf precinct and operator of satellite casino Legend Palace, has completed the sale of its Laos casino, Savan Legend, as part of a US$45 million deal.
The company confirmed via a Hong Kong Stock Exchange filing that Eminent Innovations Limited, a company that is 51% owned by the purchaser, had met the suitability requirements of the government of Lao PDR, and that Macau Legend’s own MLD Laos unit has obtained the necessary consent from the government for the disposal.
Completion of the disposal therefore took place on Thursday 16 May, with all right and obligations transferred to Eminent Innovations to assume operations of the casino.
“The Group no longer has any interest in the Target Company and the Target Company ceased to be accounted as a subsidiary of the Group,” Macau Legend said.
The disposal comes after the company revealed in June 2023 that it had signed a Letter of Intent with Japanese businessman Shundo Yoshinari in relation to Savan Legend.
Macau Legend said at the time that it was selling its Laos casino because its financial performance had been unstable and had been subject to “increasingly onerous restraints in Lao PDR, thereby limiting its profitability in the future.”
The company has stated its intention to focus its energies onto its Macau assets, having in early 2023 signed a new three-year deal with SJM to continue running the casino at Legend Palace on the Macau peninsula.
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
SiGMA North America 2026
01 de September 2026
Manuel Jiménez, CEO of SoluestBet: "Mexico is a priority market for us"
(Mexico City, SoloAzar Exclusive).- Manuel Jiménez, CEO of SoluestBet, analyzed his visit to SiGMA North America and highlighted the priority role of Mexico as a gateway between Latin America and North America. The executive also pointed out the opportunities for suppliers that manage to combine technology, commercial structure and solid relationships with operators in the region.
Monday 21 Sep 2026 / 12:00
Rocío Moitino of Ready Play Gaming looks back on her visit to SiGMA North America
(Mexico City, SoloAzar Exclusive).- After visiting SiGMA North America, Rocío Moitino Head of Sales, Latin America at Ready Play Gaming, analyzed the opportunities of the Mexican market and the new demands of operators. The executive highlighted the importance of combining product, distribution and commercial strategy, in addition to the potential of alternative formats to traditional slots.
Monday 21 Sep 2026 / 12:00
"Technology can be global, but execution in LATAM must be local": Borut Leban on Timeless Tech's Regional Expansion
(Mexico City, SoloAzar Exclusive).- Following a highly successful showing and a 'Best Aggregator 2026' award at SiGMA North America, Timeless Tech CEO Borut Leban reflects on the company's strategic growth across LatAm. In this interview, Leban discusses the necessity of deep market localization, concrete new business opportunities, and the upcoming launch of their unified retention ecosystem, Timeless Arena.
Friday 18 Sep 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
