{"id":777031068,"date":"2025-09-01T10:02:41","date_gmt":"2025-09-01T13:02:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777031068"},"modified":"2026-04-21T19:37:50","modified_gmt":"2026-04-21T22:37:50","slug":"macau-legend-development-revenue-decreases-in-first-half-of-2025","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legend-development-revenue-decreases-in-first-half-of-2025","title":{"rendered":"Macau Legend Development revenue decreases in first half of 2025"},"content":{"rendered":"\n

Revenue was down 7.6 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau Legend Development has released its financial results for the first half of 2025. Revenue totalled HKD168.1m (US$21.5m), down 7.6 per cent year-on-year. The company reported a loss of HKD1.42bn (US$182.1m) as warned last week<\/a>. That’s a deterioration from the HK$110m (US$14m) loss in the same period last year.<\/p>\n\n\n\n

First-half adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) were HKD34.7m, down 67.5 per cent year-on-year. Net current liabilities totalled HKD2.56bn (US$328.3m) as of June 30.<\/p>\n\n\n\n

The group posted an impairment loss of HKD1.27bn (US$162.9m) related to assets at Macau Fisherman\u2019s Wharf, where Legend Palace Casino is to close by December 31 as Macau phases out its satellite casino system<\/a>.<\/p>\n\n\n\n

Macau Legend stated: \u201cOn 9 June 2025, SJM [Resorts] made an announcement that SJM had decided not to continue gaming-related operations at seven satellite casinos, including Legend Palace Casino located at the hotel of Macau Fisherman\u2019s Wharf, upon the expiry of the relevant service agreement on 31 December 2025.\u201d<\/p>\n\n\n\n

It added: \u201cThe group\u2019s gaming-related operation in Macau will be discontinued,\u201d and \u201cclassified as a discontinued operation\u201d.<\/p>\n\n\n\n

For full-year 2024<\/a>, the company posted a loss of HK$622.6m (US$80m). Revenue was up 4.3 per cent when compared to the previous year at HK$901.6m (US$96.4m).<\/p>\n\n\n\n

<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau Legend warns of US$182m loss ahead of satellite casino closure<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Revenue was down 7.6 per cent year-on-year.<\/p>\n","protected":false},"author":218,"featured_media":777022557,"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 significant loss of HKD1.42bn for H1 2025, a substantial deterioration from the prior year, driven by a 7.6% revenue decline and a 67.5% drop in adjusted EBITDA. This financial downturn is largely attributed to an impairment loss related to assets at Macau Fisherman\u2019s Wharf, coinciding with the impending closure of its Legend Palace Casino by December 31, 2025, as Macau phases out its satellite casino system. The company's gaming operations in Macau will be discontinued.","focusai_entities":"Macau Legend Development, SJM Resorts","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Business Strategy","query":"What is Macau Legend Development's revised strategic roadmap and capital allocation plan following the discontinuation of its Macau gaming operations and significant asset impairment?"},{"label":"Satellite Casino Impact","query":"How will the complete phase-out of Macau's satellite casino system impact the competitive landscape and market share distribution among the remaining concessionaires?"}],"footnotes":""},"categories":[157,16338],"tags":[22593],"class_list":["post-777031068","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\/777031068","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\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777031068"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031068\/revisions"}],"predecessor-version":[{"id":777031077,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031068\/revisions\/777031077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777022557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777031068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777031068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777031068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}