{"id":777015485,"date":"2024-05-14T09:25:27","date_gmt":"2024-05-14T12:25:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015485"},"modified":"2026-04-22T10:18:09","modified_gmt":"2026-04-22T13:18:09","slug":"cape-verde-seeks-reversion-of-macau-legend-casino-concession","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cape-verde-seeks-reversion-of-macau-legend-casino-concession","title":{"rendered":"Cape Verde seeks reversion of Macau Legend casino concession"},"content":{"rendered":"\n<p>Cape Verde&#8217;s government is negotiating the return of the licence granted to Macau Legend.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Cape Verde&#8217;s government is in negotiations\u00a0with Macau Legend regarding\u00a0<strong>the reversion of\u00a0the gaming concession<\/strong>\u00a0for the stalled Djeu na Gamboa casino project.\u00a0During an interview with public radio broadcaster RTC,\u00a0deputy prime minister <strong>Olavo Correia<\/strong> said Macau Legend had failed to complete the US$271.2m project by February 2021.<\/p>\n\n\n\n<p>Correia said the government was negotiating with Macau Legend&#8217;s CEO <strong>David Chow<\/strong> to facilitate the return of the project&#8217;s land and the reversion of the concession in an amicable manner. He said the objective was to identify\u00a0an alternative promoter capable of advancing the project.<\/p>\n\n\n\n<p>In October, Macau Legend Development\u00a0announced\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-to-halt-gaming-projects-in-cambodia-and-cape-verde\" target=\"_blank\" rel=\"noreferrer noopener\">plans to divest from overseas projects<\/a>\u00a0in Cambodia and Cape Verde by 2025. The company said at the time\u00a0that it would focus on diversification in Macau.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-extends-laos-casino-sale-deadline-again\" rel=\"noreferrer noopener\">Macau Legend extends Laos casino sale deadline again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cape Verde&#8217;s government is negotiating the return of the licence granted to Macau Legend.<\/p>\n","protected":false},"author":176,"featured_media":20685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Cape Verde's government is negotiating the reversion of a gaming concession with Macau Legend for the stalled Djeu na Gamboa casino project, which failed to meet its February 2021 completion deadline. This amicable negotiation aims to reclaim the project's land and concession to identify an alternative promoter, aligning with Macau Legend's strategy to divest from overseas ventures and refocus on Macau.","focusai_entities":"Macau Legend, Olavo Correia, David Chow, Macau Legend Development, RTC","focusai_location":"Cape Verde, Macau, Cambodia, Laos","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cape Verde Re-tender Process","query":"What specific regulatory and financial incentives will the Cape Verde government offer to attract a new, qualified promoter for the Djeu na Gamboa casino project, and what is the projected timeline for this re-tendering process?"},{"label":"Macau Legend Divestment Impact","query":"How will the divestment from the Cape Verde project, alongside other overseas ventures, impact Macau Legend's balance sheet, capital expenditure, and its strategic focus on Macau diversification, particularly concerning its GGR and NGR projections?"}],"footnotes":""},"categories":[157,16338],"tags":[22593],"class_list":["post-777015485","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\/777015485","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=777015485"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015485\/revisions"}],"predecessor-version":[{"id":777015502,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015485\/revisions\/777015502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20685"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}