June 29, 2017 4:00 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, namely The Landmark Macau, an integrated hotel, casino, and luxury shopping complex located in the Macau Peninsula; and Macau Fisherman’s Wharf, a waterfront integrated gaming, hotel, convention, and entertainment complex that includes a cultural facility, a canopied open-air shopping area, a dining and entertainment colonnade, a yacht club at the marina, and other attractions locat...

Macau Landmark Building

21st Floor

No. 555 Avenida da Amizade

Macau,  

Macau

Founded in 2006

4,796 Employees

Phone:

853 2822 2211

Fax:

853 2822 2266

Key Executives for Macau Legend Development Limited

Co-Chairman and Chief Executive Officer
Age: 65
Total Annual Compensation: $11.6M
Vice Chairman
Age: 88
Total Annual Compensation: $2.7M
Executive Director
Age: 52
Total Annual Compensation: $2.5M
Corporate Development Director, Babylon Casino Director and Executive Director
Age: 25
Total Annual Compensation: $127.0K
Compensation as of Fiscal Year 2016.

Macau Legend Development Limited Key Developments

Macau Legend Development Limited, Annual General Meeting, Jun 23, 2017

Macau Legend Development Limited, Annual General Meeting, Jun 23, 2017, at 16:30 China Standard Time. Location: Ballroom, Legend Palace Hotel, Macau Fisherman's Wharf, Avenida da Amizade Macau Macau Agenda: To consider and receive the audited consolidated financial statements of the company for the year ended 31 December 2016; to re-elect directors; to authorize the board of directors to fix the respective directors' remuneration; to re-appoint Deloitte Touche Tohmatsu as auditor and to authorize the board of directors to fix the auditor's remuneration; to grant a general mandate to the directors to repurchase the Shares not exceeding 10% of the total number of the issued shares as at the date of passing of this resolution; to grant a general mandate to the directors to issue, allot and deal with additional shares not exceeding 20% of the total number of the issued shares as at the date of passing of this resolution; and to consider the conditional upon the passing of resolutions nos. 9 and 10, to extend the general mandate granted to the directors to issue, allot and deal with additional Shares by the aggregate number of shares repurchased by the company.

Macau Legend Development Limited Presents at Daiwa Consumer & Gaming Conference, Apr-25-2017

Macau Legend Development Limited Presents at Daiwa Consumer & Gaming Conference, Apr-25-2017 . Venue: Daiwa's Hong Kong Office, Hong Kong. Speakers: Donald Chow, Corporate Development Director, Kelvin Wong, EVP, CFO & Company Secretary, Sheldon Trainor-Degirolamo, Executive Director.

Macau Legend Development Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Macau Legend Development Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of HKD 1,471,461,000 against HKD 1,436,143,000 a year ago. Loss before taxation was HKD 256,622,000 against HKD 273,487,000 a year ago. Loss for the year attributable to owners of the company was HKD 277,495,000 against HKD 268,508,000 a year ago. The group's loss for the year ended 31 December 2016 representing an increase of approximately HKD 9,000,000 when compared to that of the year ended 31 December 2015. The loss for the year ended 31 December 2016 was mainly due to declining revenue from mass market tables and outsourced VIP tables due to a decrease in overall gross gaming revenue generated from these gaming tables in the casinos within the Group's properties, and a decrease in interest income arising from fixed deposits. Basic loss per share was 4.4 cents against 4.2 cents a year ago. At the end of the reporting period, the group had capital commitments in respect of the acquisition of property and equipment and construction in progress which are contracted for but not provided of HKD 892,094,000 compared with HKD 897,219,000 a year ago. Adjusted EBITDA for the year ended 31 December 2016 was approximately HKD 215,565,000, representing a decrease of approximately HKD 52,800,000 or approximately 19.7% over that of the year ended 31 December 2015 of approximately HKD 268,343,000. Net cash from operating activities was HKD 43,569,000 against HKD 2,795,000 a year ago. Purchase of property and equipment was HKD 1,849,038,000 against HKD 934,178,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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