Macau Legend Development offloads Savan Legend Casino Resort in Laos for $39 million
$6 million gain projected Savan Legend casino resort in Laos
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$6 million gain projected Savan Legend casino resort in Laos
Initial agreement Savan Legend casino in Laos.
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...