{"id":777015597,"date":"2024-05-17T08:24:11","date_gmt":"2024-05-17T11:24:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015597"},"modified":"2026-04-22T10:09:03","modified_gmt":"2026-04-22T13:09:03","slug":"macau-legend-completes-sale-of-savan-legend-resort-in-laos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-completes-sale-of-savan-legend-resort-in-laos","title":{"rendered":"Macau Legend completes sale of Savan Legend resort in Laos"},"content":{"rendered":"\n<p>Macau Legend has finalised a sale to Shundo Yoshinar.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Macau Legend Development<\/strong>\u00a0has\u00a0finalised\u00a0the sale of its<strong>\u00a0Savan Legend\u00a0Resorts casino<\/strong>\u00a0in Savannakhet, Laos, according to a filing today (May 16).\u00a0The sale had faced several delays but received the necessary approvals from the government of Laos.<\/p>\n\n\n\n<p>The buyer,\u00a0<strong>Shundo Yoshinari<\/strong>, is a Japanese citizen residing in Japan and an independent third party. In\u00a0a December 2023 filing, Macau Legend said the entire equity interest in Savan Legend was to be sold for an initial consideration of US$39m. The company previously said it expects a gain before tax of approximately HK$47m (US$6.0m) from the disposal.<\/p>\n\n\n\n<p>There are indications that Macau Legend might soon dispose of another business asset outside\u00a0of\u00a0Macau.\u00a0Cape Verde\u2019s government has said it is in negotiations\u00a0with Macau Legend regarding\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/cape-verde-seeks-reversion-of-macau-legend-casino-concession\" target=\"_blank\" rel=\"noreferrer noopener\">the reversion of\u00a0the gaming concession<\/a>\u00a0for the stalled Djeu na Gamboa casino project.\u00a0<\/p>\n\n\n\n<p>For\u00a0full-year\u00a02023,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legend-posts-revenue-of-us115m-for-full-year-2023\" target=\"_blank\" rel=\"noreferrer noopener\">Macau Legend reported revenue was up 26.7 per cent<\/a>\u00a0year-on-year to nearly HK$901.6m (US$115m).\u00a0The casino operator posted a<strong>\u00a0net 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 finalised a sale to Shundo Yoshinar.<\/p>\n","protected":false},"author":176,"featured_media":26795,"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 has finalized the sale of its Savan Legend Resorts casino in Laos to Shundo Yoshinari for US$39m, expecting a pre-tax gain of US$6.0m. This disposal aligns with the company's strategic asset divestment, with further negotiations underway regarding its Cape Verde gaming concession. The company reported improved financial performance for FY2023, with revenue up 26.7% and a significantly reduced net loss.","focusai_entities":"Macau Legend Development, Shundo Yoshinari, Government of Laos, Government of Cape Verde","focusai_location":"Macau, Savannakhet, Laos, Japan, Cape Verde","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Reallocation Strategy?","query":"Given the US$39m divestment and expected US$6.0m gain, how does Macau Legend Development plan to reallocate this capital to enhance shareholder value or reduce leverage, particularly in light of its improved but still negative net income?"},{"label":"Cape Verde Concession Impact?","query":"What are the specific financial and operational implications for Macau Legend Development should the Djeu na Gamboa gaming concession in Cape Verde be fully reverted, and how does this align with their broader asset rationalization strategy?"}],"footnotes":""},"categories":[157,16338],"tags":[22593],"class_list":["post-777015597","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\/777015597","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=777015597"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015597\/revisions"}],"predecessor-version":[{"id":777015625,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015597\/revisions\/777015625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26795"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}