Laos | World Casino News

Macau Legend Development Completes Disposal of Laos Casino Resort After Delays in February

May 17, 2024

Laos, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, Asian Casino News

Macau Legend Development Ltd, a distinguished entity listed on the Hong Kong Stock Exchange, has successfully concluded the planned disposal of its esteemed Laos casino resort, as announced through an official ...

Macau Legend Expects to Gain US$ 6 Million from Its Laos Casino Resort Sale

Radosav Milutinovic

December 21, 2023

Laos, Casino proposals, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships

Casino and hotel resort Macau Legend Development Ltd plans to sell its gaming property in Savannakhet, Laos. As reported, the operator has offered its Savan Legend casino resort in Laos for the initial price c...

Macau Legend Loses HK$182.5 Million, Closes Laos Operation

Vanja Mitic

August 31, 2023

Laos, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, Online gambling regulation, Casino closures, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

The first half of the year was tough for the Macau Legend, a renowned satellite casino operator. The company lost HK$182.5 million, or US$23.26 million, in revenue. However, the good news is that the recovery i...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic

June 14, 2023

Laos, Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Asian Casino News, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes

Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Mixed picture for Macau Legend Development Limited

Adam Morgan

November 9, 2016

Laos, Latest Casino and Gambling News, Economy/Finance, Macau

Asian casino operator Macau Legend Development Limited has released its financial results for the third quarter showing a 1.9% increase year-on-year in overall revenues to $48.68 million as its adjusted earning...

Sanum Investments wins round in legal fight with Laos gov’t

Kim M

October 5, 2016

Laos, Latest Casino and Gambling News, Taxation, Fines, Lawsuits & Litigation

Sanum Investments, a subsidy of Lao Holdings NV, which formerly managed the Savan Vegas Hotel and Casino located in the Savannakhet Province of Laos, has successfully argued its legal case against the governmen...

Macau casino operator completes takeover of Laos property

Adam Morgan

September 2, 2016

Laos, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships

Hong Kong-listed casino operator Macau Legend Development Limited has announced that it has now assumed complete management and operational responsibilities for the Savan Vegas Hotel And Entertainment Complex i...

European-Asian Consortium submits bid for Savan Vegas Casino in Laos

Renee Kingsley

August 17, 2016

Laos, Latest Casino and Gambling News, Casino proposals, Mergers, Acquisitions & Partnerships

Earlier this year the Laos government decided to sell the Savan Vegas Hotel and Entertainment Complex and shortlisted up to six proposals. One of those shortlisted companies announced in May that the government...

Lao Holdings asks the courts to intervene in the sale of its Savan Vegas Hotel and Entertainment Complex

Renee Kingsley

July 20, 2016

Laos, Latest Casino and Gambling News, Asian Casino News, Fines, Lawsuits & Litigation

Lao Holdings and its subsidiary Sanum Investments Ltd were responsible for running the Savan Vegas Hotel and Entertainment Complex in Savannakhet, Laos. The company lost control of its casino hotel back in 2012...

Savan Vegas complex deal postponed

Alex Lanter

July 1, 2016

Laos, Latest Casino and Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships

In May, 2016, Macau Legend Development Ltd, a Hong Kong-listed company, revealed that it had come to an agreement with the Laos government to take over the Savan Vegas Hotel and Entertainment complex. However, ...

Macau Legend to buy Savan Vegas for $42m

Martin Chua

May 17, 2016

Laos, Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships, Vietnam

Macau Legend Development Ltd struck a bargain with the Lao government recently giving them a 50 year monopoly in Bolikhamsay, Khammouane and Savannakhet provinces, which includes the location of the embattled S...

Six companies shortlisted as bidders for taking over Savan Vegas casino in Laos

Alex Lanter

March 29, 2016

Laos, Latest Casino and Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships

Last Friday the exclusive sales agent representing the Government of the Lao People’s Democratic Republic San Marco Capital Partners (SMC) revealed the results of the qualification process for bidders intereste...

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