Macau Legend Development revenue decreases in first half of 2025

Revenue was down 7.6 per cent year-on-year.

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. That’s a deterioration from the HK$110m (US$14m) loss in the same period last year.

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.

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

Macau Legend stated: “On 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’s Wharf, upon the expiry of the relevant service agreement on 31 December 2025.”

It added: “The group’s gaming-related operation in Macau will be discontinued,” and “classified as a discontinued operation”.

For full-year 2024, 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).

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See also: Macau Legend warns of US$182m loss ahead of satellite casino closure

Revenue was down 7.6 per cent year-on-year. 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…