Macau Legend Has Restructured Almost HK$2.1 Billion in Loans

Macau Legend has restructured almost HK$2.1 billion in loans

The financially troubled satellite casino operator is under even more pressure with Legend Palace’s upcoming closure The post Macau Legend has restructured almost HK$2.1 billion in loans appeared first on Macao News.

Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Macau Legend Development Ltd, owner and operator of Legend Palace and the Macau Fisherman’s Wharf precinct, says it has reached an agreement with lenders to defer payments on loans amounting to almost HK$2.1 billion (US$268 million) until late 2026, as well as implementing a “loan variation agreement” or payment plan on a loan facility. The debt restructuring follows auditors previously issuing a disclaimer of opinion on multiple uncertainties r…