Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreement to sell its Savan Legend Casino in Laos for 45 million US dollars. However, its plan to sell the said casino comes as the company looks to divert additional resources towards its Macau businesses.
A Letter of Intent:
On June 13, the company unveiled that it had officially signed a Letter of Intent with Japanese businessman Shundo Yoshinari committing him to purchase Savan Legend after completing due diligence and meeting several conditions. Moreover, if the agreement meets all of the above requirements, Yoshinari will purchase the whole ownership stake in Macau L…