{"id":17996,"date":"2021-05-18T14:56:59","date_gmt":"2021-05-18T14:56:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17996"},"modified":"2026-04-23T19:28:33","modified_gmt":"2026-04-23T22:28:33","slug":"macau-legend-unsure-of-quick-return-to-positive-ebitda","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-unsure-of-quick-return-to-positive-ebitda","title":{"rendered":"Macau Legend unsure of quick return to positive EBITDA"},"content":{"rendered":"\n<p>Melinda Chan Mei Yi, Macau Legend&#8217;s executive director, has said it remains difficult to forecast a return to positive EBITDA amid uncertainty around the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-revenue-down-70-in-2020\">Macau Legend<\/a>&#8216;s executive director, Melinda Chan Mei Yi, has said it remains <strong>difficult to <\/strong>predict the company&#8217;s prospects due to the Covid-19 situation in Asia.<\/p>\n\n\n\n<p>Macau Legend reported&nbsp;<strong>adjusted EBITDA for 2020 down 217.4 per cent year-on-year <\/strong>to a loss of HK$429.3m (US$55m). Revenue was down 70 per cent.<\/p>\n\n\n\n<p><strong>Gross gaming revenue<\/strong>&nbsp;(GGR) has reached almost half of pre-pandemic levels. the Babylon Casino, a gaming facility at&nbsp;<strong>Macau Fisherman\u2019s Wharf,<\/strong>&nbsp;has reached <strong>between 30 per cent and 40 per cent of 2019 levels<\/strong>.<\/p>\n\n\n\n<p>Chan Mei Yi said<strong>&nbsp;social distancing on the gaming floors continued to affect gaming revenue<\/strong>&nbsp;as there are only 110 gaming tables operating at Legend Palace and Babylon Casino.<\/p>\n\n\n\n<p>However, Macau Legend saw positive signs during the&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-received-165500-visitors-arrivals-over-labour-day-break\">Labour Day break<\/a>&nbsp;with a&nbsp;<strong>hotel occupancy of 100 per cent<\/strong>&nbsp;and an improvement in gaming earnings.<\/p>\n\n\n\n<p>The casino operator is still&nbsp;<strong>planning to redesign it Fisherman\u2019s Wharf complex<\/strong>. Mei Yi said the company will seek approval as soon as the design plan is complete. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melinda Chan Mei Yi, Macau Legend&#8217;s executive director, has said it remains difficult to forecast a return to positive EBITDA amid uncertainty around the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":18021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau Legend's executive director, Melinda Chan Mei Yi, indicates continued difficulty in forecasting positive EBITDA due to persistent Covid-19 uncertainty in Asia, following a 217.4% decline in adjusted EBITDA for 2020. Despite significant revenue and GGR reductions, the company observed positive operational indicators during the Labour Day break, including full hotel occupancy, and plans to proceed with the redesign of its Fisherman\u2019s Wharf complex.","focusai_entities":"Macau Legend, Melinda Chan Mei Yi, Babylon Casino, Legend Palace, Macau Fisherman\u2019s Wharf","focusai_location":"Macau, Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA Recovery Outlook","query":"What specific GGR and visitation thresholds does Macau Legend project are necessary to achieve positive adjusted EBITDA, and what is the anticipated timeline for reaching these operational benchmarks?"},{"label":"Fisherman's Wharf Redesign","query":"What is the estimated capital expenditure for the Fisherman\u2019s Wharf redesign, what are the projected ROI metrics, and how will this development impact the property's gaming and non-gaming revenue mix?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,22593],"class_list":["post-17996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17996"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17996\/revisions"}],"predecessor-version":[{"id":18028,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17996\/revisions\/18028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18021"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}