October 31, 2014 7:36 AM ET

Hotels, Restaurants and Leisure

Company Overview of Macau Legend Development Limited

Company Overview

Macau Legend Development Limited, an investment holding company, is engaged in the ownership of entertainment and casino gaming facilities and leisure complex in Macau. It is involved in a portfolio of gaming and leisure activities through its properties located in the Macau Peninsula, namely The Landmark Macau, an integrated hotel, casino, and luxury shopping complex located in the Macau Peninsula; and Macau Fisherman’s Wharf, the waterfront entertainment complex, which features convention and exhibition centre, Rocks Hotel, a marina, and a theme park, as well as dining, shopping, and entertainment facilities in Macau. The company also provides gaming services to Pharaoh’s Palace Casino, as...

Macau Landmark Building

21st Floor

No. 555 Avenida da Amizade

Macau,  

Macau

3,080 Employees

Phone:

853 2822 2211

Fax:

853 2822 2266

Key Executives for Macau Legend Development Limited

Co-Chairman
Age: 63
Total Annual Compensation: $28.5M
Vice Chairman and Member of Remuneration Committee
Age: 86
Total Annual Compensation: $4.6M
Executive Director and Member of Nomination Committee
Age: 50
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2013.

Macau Legend Development Limited Key Developments

Macau Legend Development Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Macau Legend Development Limited reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total gross gaming revenue of gaming tables decreased by approximately 6.2% to approximately HKD 1,624.2 million in from approximately HKD 1,732.0 million in the corresponding period in 2013. Total reported revenue increased by approximately 7.3% to approximately HKD 452.0 million from approximately HKD 421.1 million in third quarter 2013. Adjusted EBITDA increased by approximately 27.4% to approximately HKD 247.4 million from approximately HKD 194.2 million in third quarter 2013. For the nine months, the company reported total gross gaming revenue of gaming tables increased by approximately 6.8% to approximately HKD 6,551.9 million in from approximately HKD 6,136.5 million in the corresponding period in 2013. Total reported revenue increased by approximately 8.3% to approximately HKD 1,369.5 million from approximately HKD 1,264.9 million in third quarter 2013. Adjusted EBITDA increased by approximately 8.8% to approximately HKD 680.9 million from approximately HKD 625.8 million in third quarter 2013.

Macau Legend Development Limited Reports Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2014

Macau Legend Development Limited reported consolidated unaudited earnings results for the six months ended June 30, 2014. For the period, the company reported profit before tax of HKD 223,882,000 against HKD 265,895,000 a year ago. Earnings per basic and diluted share were 3.5 cents against 5.1 cents a year ago. Net cash from operating activities was HKD 450,611,000 against HKD 460,228,000 a year ago. Purchase of property and equipment was HKD 614,341,000 against HKD 3,371,000 a year ago. Addition to prepaid lease payments was HKD 24,400,000 against HKD 24,400,000 a year ago.

Macau Legend Development Limited Presents at Macau Gaming Corporate Day 2014, Sep-11-2014

Macau Legend Development Limited Presents at Macau Gaming Corporate Day 2014, Sep-11-2014 . Venue: Level 88, International Coommerce Center, 1 Austin Road West, Kowloon, Hong Kong.

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