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Air Macau’s losses reach 595 million yuan in 2024, report says

Summary by Macao News
Despite a significant increase in passenger numbers and operating revenue, Air Macau's financial struggles deepened last year, with net losses ballooning The post Air Macau’s losses reach 595 million yuan in 2024, report says appeared first on Macao News.
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Macao NewsMacao News

Air Macau’s losses reach 595 million yuan in 2024, report says

Despite a significant increase in passenger numbers and operating revenue, Air Macau's financial struggles deepened last year, with net losses ballooning The post Air Macau’s losses reach 595 million yuan in 2024, report says appeared first on Macao News.

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Asia Gaming News | AGB - Asia Gaming BriefAsia Gaming News | AGB - Asia Gaming Brief

Macau Legend ability to continue a going concern, as loss balloons to nearly $86M

Macau Legend is battling concerns that it won't be able to continue, due to loan defaults and looming repayments, as its loss rose significantly in 2024. The post Macau Legend ability to continue a going concern, as loss balloons to nearly $86M first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

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IAGIAG

Macau Legend defaults on loan repayment after falling to US$78 million loss in FY24

Macau Legend Development Ltd, owner and operator of Legend Palace and the Macau Fisherman’s Wharf precinct, revealed in its results announcement for the year ended 31 December 2024 that it was in default of a loan principal instalment and at the mercy of its lenders as it looks to stay afloat. Outlining multiple uncertainties relating to going concern, the company explained that its outstanding bank borrowings of HK$2.07 billion (US$258.3 millio…

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IAG broke the news in on Monday, March 31, 2025.
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