Hong Kong-listed Macau Legend Development has reported revenues of approximately HK$1.4bn (US$180m) for the 12 months to December 31, 2015 - a drop of 20.7 per cent.
Group gaming revenue was down 29.9 per cent to around HK$897m, while non-gaming revenue was up slightly by 1.4 per cent to HK$538.7m.
The company said in a statement that the fall in gaming revenue was primarily due to a decrease in revenue from mass-market tables and outsourced VIP tables.
The slight increase in non-gaming revenue came from Macau Legend’s Harbourview Hotel at Fisherman’s Wharf, which began operations last month.
Adjusted EBITDA for the year was HK$268.m, a drop of 64.7 per cent year on year.
Source: Asia Gaming Brief
