{"id":777014728,"date":"2024-04-15T09:05:19","date_gmt":"2024-04-15T12:05:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014728"},"modified":"2026-04-22T11:10:39","modified_gmt":"2026-04-22T14:10:39","slug":"macau-legend-extends-laos-casino-sale-deadline-again","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-extends-laos-casino-sale-deadline-again","title":{"rendered":"Macau Legend extends Laos casino sale deadline again"},"content":{"rendered":"\n<p>Macau Legend has extended the deadline to May 3.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Casino operator <strong>Macau Legend <\/strong>has again extended the deadline for the sale of its casino resort in Laos. Initially set for February, the deadline <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-extends-laos-casino-sale-deadline\" target=\"_blank\" rel=\"noreferrer noopener\">was first extended to March 31<\/a>\u00a0and later to April 15. It is now May 3.<\/p>\n\n\n\n<p>The sale of Savan Legend\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-to-sell-laos-casino-for-us45m\" target=\"_blank\" rel=\"noreferrer noopener\">was first announced last June<\/a>, with\u00a0<strong>Shundo Yoshinari<\/strong>, a Japanese citizen residing in Japan, identified as the prospective buyer. In a filing dated December 21, 2023, Macau Legend disclosed that the entire equity interest in Savan Legend was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-confirms-sale-of-laos-casino\" target=\"_blank\" rel=\"noreferrer noopener\">to be sold for an initial consideration of US$39m<\/a>. However, certain conditions needed to be met for the transaction to proceed, including consent from the Laos government and the provision of a tax clearance certificate.<\/p>\n\n\n\n<p>The company expects a gain before tax of approximately HK$47m (US$6.0m) from the disposal.<\/p>\n\n\n\n<p>For full-year 2023,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-posts-revenue-of-us115m-for-full-year-2023\" rel=\"noreferrer noopener\">Macau Legend reported revenue was up 26.7 per cent<\/a>&nbsp;year-on-year to nearly HK$901.6m (US$115m). The casino operator posted a<strong>&nbsp;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau Legend has extended the deadline to May 3.<\/p>\n","protected":false},"author":176,"featured_media":26503,"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 has repeatedly extended the deadline for the US$39m divestment of its Savan Legend casino resort in Laos to Shundo Yoshinari, with the latest deadline set for May 3. The transaction is contingent on Laos government consent and tax clearance, and Macau Legend anticipates a pre-tax gain of HK$47m. Concurrently, the operator reported improved FY2023 financial results, with revenue up 26.7% and a significantly reduced net loss.","focusai_entities":"Macau Legend, Shundo Yoshinari","focusai_location":"Laos, Japan, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Hurdles?","query":"What specific regulatory or governmental concerns in Laos might be causing the repeated delays in securing consent for the Savan Legend divestment, and what precedent does this set for future regional M&A?"},{"label":"Valuation Rationale?","query":"Given Macau Legend's improved FY2023 financial performance, how does the US$39m valuation for Savan Legend align with current market multiples for integrated resorts in Southeast Asia, particularly considering the transaction delays?"}],"footnotes":""},"categories":[157,16338],"tags":[22593],"class_list":["post-777014728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014728","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=777014728"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014728\/revisions"}],"predecessor-version":[{"id":777014751,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014728\/revisions\/777014751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26503"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}