International edition
October 19, 2020

Up to us$800 million

Macau Legend plans Hong Kong IPO

(Macau).- Legend Development is planning a Hong Kong initial public offering of us$500-us$800 million, which could come in the second quarter, IFR reported this week.

T

he firm owns Macau Fisherman's Wharf, Landmark Macau and Pharaoh's Palace Casino. CLSA is working alone on the deal, IFR said.

Macau, the world's largest casino market, raked in us$38 billion gambling revenue in 2012 after monthly revenues for December hit a record, a signal of sustained strength in the only place in China where visitors are able to gamble legally in casinos.

December's revenue growth of 19.6 %, which came in ahead of a forecast for 16-18 %, was boosted by stronger visitor numbers during the holiday season. The monthly figure of us$3.54 billion was the strongest ever, according to data from Macau released this week.

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