Macau Legend Development Limited
0.14
HKD
+0.00
(+2.14%)
ISIN
BMG5764Z1187
CUSIP
G5764Z118
Return %
Stock
S&P 500
1Y
-65.95
14.20
3Y
-99.08
81.12
5Y
-99.80
68.34
Capital Structure
HKD
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
HKD
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in mil. unless spec.Semi-annual Revenue
HKD
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in mil. unless spec.Semi-annual Earnings Per Share
HKD
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in mil. unless spec.Semi-annual Dividends Per Share
HKD
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in mil. unless spec.Company Description
- CEO
- Chu Kwan Li
- Full Time Employees
- 716
- Sector
- Consumer services
- Industry
- Casinos/Gaming
- Address
- Palace Building Macau Macau GY1 2HL
- IPO Date
- Jul 5, 2013
- Website
- macaulegend.com
- Similar Companies
- Business
- Macau Legend Development Limited is an investment holding company principally engaged in the provision of gaming and non-gaming services in Macau and the Lao People's Democratic Republic (Lao PDR). Its core business includes casino gaming facilities featuring mass market tables, very important person (VIP) rooms, and slot machines; operation of integrated leisure and entertainment complexes such as Macau Fisherman’s Wharf, which incorporates hotel, convention, retail, food and beverage, and entertainment services; and The Landmark Macau, an integrated hotel, casino, and luxury shopping property located on the Macau Peninsula. The company also provides various non-gaming services including concessions, building management, and food and beverage operations within its properties. Founded in 2006 by Chow Kam Fai, Macau Legend is headquartered in Macau. In recent major developments, Macau Legend completed a significant capital reorganization approved by shareholders, including the cancellation of the share premium account with a transfer to contributed surplus and a reduction in the par value of its shares from HKD 1.00 to HKD 0.01. This restructuring is aimed at strengthening its financial framework amid challenges following the closure of its satellite casino, Legend Palace, in November 2025, which contributed to an impairment loss of approximately HKD 1.27 billion. In 2024 and 2025, the company reported substantial losses attributed to operational impairments and market conditions but has maintained normal business operations. Additionally, Macau Legend has initiated a rights issue to raise approximately HKD 93 million to support ongoing operations and restructuring efforts. The company also changed its auditor from Ernst & Young to Baker Tilly Hong Kong Limited during this period. Macau Legend operates within the gaming and leisure industry, targeting a diverse customer base, including mass market and VIP casino patrons, tourists, and convention attendees primarily in Macau and expanding business services in Lao PDR. It maintains a portfolio focused on integrated resort facilities that combine entertainment, hospitality, and gaming services, supporting its strategic positioning in Macau's competitive market. These recent financial and operational shifts reflect Macau Legend Development’s strategies to adapt to evolving market conditions and regulatory environments while continuing to leverage its entertainment and gaming assets in key regional markets. The company continues to be a prominent player in the Macau gaming and hospitality sector, driven by its flagship integrated resorts and diversified service offerings.