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July 07, 2015 12:53 AM ET

Hotels, Restaurants and Leisure

Company Overview of Macau Legend Development Limited

Company Overview

Macau Legend Development Limited, an investment holding company, engages in the ownership of entertainment and casino gaming facilities in Macau. The company operates through Gaming and Non-Gaming segments. It is involved in a portfolio of gaming and leisure activities through its properties located in the Macau Peninsula, namely The Landmark Macau, an integrated hotel, casino, and luxury shopping complex located in the Macau Peninsula; and Macau Fisherman’s Wharf, the waterfront entertainment complex, which features convention and exhibition centre, hotel, a marina, and a theme park, as well as dining, shopping, and entertainment facilities in Macau. The company also provides gaming service...

Macau Landmark Building

21st Floor

No. 555 Avenida da Amizade

Macau,  

Macau

Founded in 2006

3,400 Employees

Phone:

853 2822 2211

Fax:

853 2822 2266

Key Executives for Macau Legend Development Limited

Co-Chairman, Chief Executive Officer, Executive Director, Member of Nomination Committee and Member of Remuneration Committee
Age: 64
Total Annual Compensation: $24.8M
Vice Chairman and Member of Remuneration Committee
Age: 87
Total Annual Compensation: $5.0M
Executive Director and Member of Nomination Committee
Age: 51
Total Annual Compensation: $4.0M
Compensation as of Fiscal Year 2014.

Macau Legend Development Limited Key Developments

Macau Legend Development Limited Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2015

Macau Legend Development Limited reported unaudited Group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total gross gaming revenue of gaming tables decreased by approximately 53.8% to approximately HKD 1,134.5 million from approximately HKD 2,456.9 million in the corresponding period in 2014. Total reported revenue decreased by approximately 21.1% to approximately HKD 364.2 million in first quarter 2015 from approximately HKD 461.4 million in first quarter of 2014. Adjusted EBITDA decreased by approximately 65.6% to approximately HKD 74.9 million in first quarter 2015 from approximately HKD 218.0 million in first quarter 2014.

Macau Legend Development Limited, Annual General Meeting, Jun 15, 2015

Macau Legend Development Limited, Annual General Meeting, Jun 15, 2015., at 16:30 China Standard Time. Location: The Lagoon, The Landmark Macau. Agenda: To consider and receive the audited consolidated financial statements of the company and the reports of the directors and auditor of the company for the year ended 31 December 2014; to re-elect Mr. Sheldon Trainor-DeGirolamo as an executive Director; to re-elect Mr. Fong Chung, Mark as an independent non-executive Director; to re-elect Mr. Xie Min as an independent non-executive Director; to authorise the board of Directors to fix the respective Directors' remuneration; to re-appoint Deloitte Touche Tohmatsu as auditor of the company and to authorise the Board to fix auditor's remuneration; to repurchase its shares of HKD 0.1 each in the share capital of the company; to allot, issue and deal with authorised and unissued Shares in the capital of the company; and to consider the general mandate.

Macau Legend Development Limited Reports Audited Consolidated Net Cash from Operating Activities for the Year Ended December 31, 2014

Macau Legend Development Limited reported audited consolidated net cash from operating activities for the year ended December 31, 2014. Net cash from operating activities was HKD 880.2 million against HKD 905.3 million last year. Purchase of property and equipment was HKD 1,272.4 million against HKD 377.8 million last year.

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