Melinda Chan returns as Macau Legend CEO
Melinda Chan Mei Yi has been re-appointed as chief executive officer of Macau Legend Development due to the arrest of Levo Chan.
Macau.- Melinda Chan Mei Yi has returned as chief executive officer of Macau Legend Development Ltd following the arrest of Levo Chan Weng Lin for allegedly engaging in illegal gambling activities, running a crime syndicate and money laundering. The company has also appointed Li Chu Kwan as co-chairman.
Levo Chan Weng Lin had replaced Melinda Chan Mei Yi in December 2020, with Melinda Chan remaining as executive director. Aged 57, Chan has been an executive director since 26 March 2020. She was chief executive officer of the company between 26 March 2020 and 29 December 2020.
Melinda Chan has recently said the company aims to become a Macau gaming concessionaire in its own right following the review of the city’s gaming legislation. The company currently operates three casinos through services agreements under SJM Holdings’ gaming licence. It also controls Macau Fisherman’s Wharf.
Under Macau’s proposed gaming law amendment bill, the city’s satellite casinos would have a three-year grace period to tie the ownership of the venue to any of the six gaming concessionaires allowed in the Macau market.
Currently, there are 18 satellite casinos in the city: 14 use rights from SJM Holdings, three from Galaxy Entertainment Group Co and one from Melco Crown Entertainment. The final draft of Macau’s gaming law amendment bill may be submitted to the Legislative Assembly (AL) for discussion and a vote before the current casino concessions expire on June 26.
