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Corporate Profile
The Company was incorporated under the laws of the Cayman Islands on 5 October 2006. The Company acts as an investment holding company. The Group is one of the leading owners of entertainment and casino gaming facilities in Macau. The Group currently has two major properties, The Landmark Macau and MFW. The Landmark Macau is an award-winning integrated hotel, casino and luxury shopping complex, featuring a five-star hotel and Macau’s first themed casino. MFW is a waterfront integrated gaming, hotel, convention and entertainment complex located on the outer harbour of the Macau Peninsula which follows the “Leisure, Tourism, Economic and Multi-Cultural Diversification” policy of the government of the Macau Special Administrative Region of the PRC.

The Group’s businesses include (i) the provision of gaming services to SJM in three major casinos in its properties, namely Pharaoh’s Palace Casino in The Landmark Macau, Babylon Casino and the Legend Palace Casino in MFW under the Service Agreement; (ii) the operation of casino inside Savan Resorts Hotel and Entertainment Complex in Lao PDR and (iii) the operation of hotels, entertainment and leisure facilities within its properties.

On 13 May 2016, the Company entered into the project development agreement with the Government of the Lao PDR in respect of the acquisition of the Savan Legend at the consideration of US$42.0 million (equivalent to approximately HK$325.9 million). The project development agreement shall have an initial term of 50 years. The Group obtained the approval from the shareholders of the Company at an extraordinary general meeting of the Company held on 18 August 2016. On 1 September 2016, the Company has taken over the management and operation of Savan Legend.

On 5 July 2017, the Group entered into a non-legally binding letter of intent with an independent third party (the “Purchaser”), pursuant to which the Group intends to sell and the Purchaser intends to acquire the entire issued share capital and all the shareholder’s loan(s) owed by New Macau Landmark, an indirect wholly-owned subsidiary of the Company, the legal and beneficial owner of the piece and parcel of land and of and in the messuages erections and building thereon known as “The Landmark Macau” at a consideration to be agreed between the parties. The Group received refundable deposits of HK$460 million in aggregate in July and August 2017. Further details of the above possible disposal are set out in the Company’s announcement dated 5 July 2017.