Revenue was up 16.54 per cent at HK$390.4m (US$50m).<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Macau Legend Development\u00a0<\/strong>has shared its financial results for the year\u2019s first half. It posted a net loss of HK$152.47m (US$19.55m), down from HK$182.5m (US$23.3m) in the first half of 2023. Revenue was up 16.54 per cent at HK$390.4m (US$50m).<\/p>\n\n\n\n Gaming revenue was up 43.7 per cent year-on-year\u00a0<\/strong>to HK$208.51m (US$26.74m). As of June 30, 2024, the group had 33 gaming tables in operation in Macau, the same as in June 2023. The games drop was up 26.4 per cent year-on-year at HK$2.17bn (US$278m), with net win up 45.1 per cent at HK$379.11m (US$48.6m).<\/p>\n\n\n\n Non-gaming revenue was down 4.2 per cent year-on-year at HK$181.9m (US$23.31m). Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) reached HK$85.32m (US$10.94m), an improvement on a HK$52.21m (US$6.7m) in the first half of 2023.<\/p>\n\n\n\n The company said it will continue to “execute its strategies to get better equipped to seize opportunities and to overcome challenges” and that “resources will continue to be allocated to optimise the facilities of the Macau Fisherman\u2019s Wharf to enhance the exclusive experience in the waterfront complex, as well as its flexibility to host large-scale events.”<\/p>\n\n\n\n In May, the company completed the sale of its <\/strong>Savan Legend\u00a0Resorts casino<\/a> in Savannakhet, Laos. The buyer,\u00a0Shundo Yoshinari<\/strong>, is a Japanese citizen residing in Japan and an independent third party. For\u00a0full-year\u00a02023,\u00a0Macau Legend revenue was up 26.7 per cent<\/a> year-on-year to nearly HK$901.6m (US$115m).\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Revenue was up 16.54 per cent at HK$390.4m (US$50m).<\/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 reported its H1 2024 financial results, showing a 16.54% revenue increase to HK$390.4m and a reduced net loss of HK$152.47m. Gaming revenue surged 43.7% year-on-year, driven by a 26.4% rise in games drop, while non-gaming revenue saw a slight decline. The company continues to focus on optimising its Macau Fisherman\u2019s Wharf facilities and recently completed the sale of its Savan Legend Resorts casino.","focusai_entities":"Macau Legend Development, Shundo Yoshinari","focusai_location":"Macau, Laos, Savannakhet, Japan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Gaming Revenue Drivers?","query":"What specific operational efficiencies or market shifts contributed to Macau Legend Development's significant 43.7% increase in gaming revenue and 45.1% net win despite a static gaming table count in H1 2024?"},{"label":"Asset Divestment Impact?","query":"How does the divestment of Savan Legend Resorts impact Macau Legend Development's capital allocation strategy and its intensified focus on the Macau market, particularly regarding the optimisation of Macau Fisherman\u2019s Wharf?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,22593],"class_list":["post-777018665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018665","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=777018665"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018665\/revisions"}],"predecessor-version":[{"id":777018690,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018665\/revisions\/777018690"}],"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=777018665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}