Macau Legend exits Fisherman’s Wharf casino biz, SJM stays

Gaming and hotel services firm Macau Legend Development Ltd has stopped all casino promotion-related activities regarding its Macau Fisherman’s Wharf complex, near the Outer Harbour Ferry Terminal. Casino concession holder SJM Holdings Ltd – that already provided the licence for the property’s two “satellite” casinos, namely Legend Palace (pictured), a hotel with associated gaming operation; and the gaming-only venue Babylon – has now taken full control of both operations.

The information was confirmed to GGRAsia by Melinda Chan Mei Yi, president of Macau Fisherman’s Wharf International Investment Ltd. The latter is a unit of Hong Kong-listed Macau Legend. Ms Chan is also chief executive of Macau Legend.

“SJM is responsible for operating Legend Palace Casino and Babylon Casino till December 31 of this year,” Ms Chan told GGRAsia, referring to the current extended concession period.

According to information gathered by GGRAsia, SJM Holdings took full control of both casino operations starting on June 27. The date refers to the beginning of an extension on the gaming concession for SJM Holdings and those of the other five Macau operators, that runs until December 31, after which time it is anticipated a new set of concessions will begin, following a public tender process that launched on July 29.

Source: https://www.ggrasia.com/macau-legend-exits-fishermans-wharf-casino-biz-sjm-stays/