Macau Legend has revealed financial results showing losses for the first half of the year due to the impact of the pandemic on tourism to Macau.
Macau.- Gaming company Macau Legend Development has estimated it will report HK$490 million (US$63.2 million) in unaudited consolidated loss for the first half of the year.
That compares to HK$107 million (US$13 million) in losses in the same period last year.
The drop is attributed to the decrease in revenue owing to travel restrictions and other Covid-19 measures.
The pandemic has severely impacted arrivals to Macau and Laos in the first half of 2020, with tourism still suffering.
The company is currently developing a resort in Cape Verde, but the government there indicated this month that the pandemic would delay completion.