{"id":777014359,"date":"2024-04-01T11:54:11","date_gmt":"2024-04-01T14:54:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014359"},"modified":"2026-04-22T11:36:15","modified_gmt":"2026-04-22T14:36:15","slug":"macau-legend-posts-revenue-of-us115m-for-full-year-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-posts-revenue-of-us115m-for-full-year-2023","title":{"rendered":"Macau Legend posts revenue of US$115m for full-year 2023"},"content":{"rendered":"\n

Macau Legend Development has reported that revenue rose by 26.7 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau Legend Development<\/strong> has shared its financial results for the year 2023. Revenue was up 26.7 per cent when compared to the previous year at nearly HK$901.6m (US$115m). <\/p>\n\n\n\n

The casino operator posted a net loss of HK$4.9m (US$628,497)<\/strong>, an improvement on the HK$607.2m (US$ 78m) loss recorded in the prior year. Costs stood at HK$741.4m (US$ 91m), down 29.2 per cent from the prior year. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>) reached HK$185.9m (US$24m) in 2023.<\/p>\n\n\n\n

Revenue for gaming services declined by 5.0 per cent year-on-year, to approximately HK$493.1m (US$ 55m). <\/p>\n\n\n\n

In December, Macau Legend confirmed it is to dispose of its Savan Legend venue<\/a> for an \u201cinitial\u201d consideration of US$39m. The group said at the time that it expected the gain before tax on the disposal to be approximately HK$47m. The deal is yet to close, according to Thursday\u2019s filing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau Legend Development has reported that revenue rose by 26.7 per cent year-on-year.<\/p>\n","protected":false},"author":226,"featured_media":9972,"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 Development reported a 26.7% year-on-year revenue increase to HK$901.6m for 2023, significantly reducing its net loss to HK$4.9m from HK$607.2m in the prior year, driven by cost reductions and improved EBITDA. Despite a 5.0% decline in gaming services revenue, the operator is strategically divesting its Savan Legend venue for US$39m, a transaction yet to close.","focusai_entities":"Macau Legend Development, Savan Legend","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Savan Legend Disposal Impact","query":"What is the projected impact of the Savan Legend disposal on Macau Legend Development's future GGR, NGR, and overall balance sheet, considering the decline in gaming services revenue?"},{"label":"Macau Market Outlook","query":"How do Macau Legend Development's 2023 financial results, particularly the gaming services revenue decline, reflect the broader recovery and competitive landscape within the Macau gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[22593],"class_list":["post-777014359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014359","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014359"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014359\/revisions"}],"predecessor-version":[{"id":777014380,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014359\/revisions\/777014380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9972"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}