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Macau Legend Development ( (HK:1680) ) has shared an announcement.
Macau Legend Development Limited has issued a profit warning, revealing a significant financial downturn for the first half of 2025. The company anticipates a substantial loss of approximately HK$1,421 million, largely due to a significant impairment loss following the non-renewal of a service agreement with SJM Resorts S.A. This development marks a notable decline from the previous year’s performance, with a 12% decrease in total revenue primarily from gaming operations, highlighting potential challenges in its industry positioning and implications for stakeholders.
More about Macau Legend Development
Macau Legend Development Limited is a company incorporated in the Cayman Islands, primarily engaged in the gaming and entertainment industry. The company operates through its subsidiaries, including Macau Fisherman’s Wharf International Investment Limited and Hong Hock Development Company Limited, focusing on gaming-related operations.
Average Trading Volume: 223,463
Technical Sentiment Signal: Sell
Current Market Cap: HK$409.3M
Learn more about 1680 stock on TipRanks’ Stock Analysis page.