Page 4 - Macau Legend Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Casino resort owner Macau Legend Development says its CEO Chan Weng Lin had been arrested. Chan is also chairman of Tak Chun Group, Macau's second biggest junket operator.

Chan Weng Lin, also known as Levo Chan, has become the CEO of Macau Legend in addition to his role as co-chair of the board, replacing Melinda Chan in the executive post. Levo Chan, also chief executive of the junket-related Tak Chun Group, became the largest shareholder in Macau Legend Development in September after the company’s founder, David Chow, and others sold down their shares. At present, Chan owns about a third of the company’s shares. According to the company statement: “Chan will take care of the day-to-day management of the group’s business and implement the group’s p...

Gambling year in review 2020: Asia and Australia Gambling year in review 2020: Asia and Australia By Asia’s gambling markets – both land-based and online – took major hits in 2020; land-based casinos at the hands of COVID-19 and online casinos at the hands of meddling governments.  Due to its proximity to China, Macau was the first market to demonstrate both the horrors the pandemic would inflict on casino markets as well as the enormous lengths casinos would have to go to ensure customers and staff were protected once casinos reopened.  Unlike most North American casinos, which shut...