Dynam buys Macau Legend stake to learn about casino industry

    Dynam Japan Holdings, which has invested an additional $50 million in shares of Macau Legend Development, said the investment will be beneficial to its shareholders in light of its ambitions to enter Japan’s casino market as part of a mid-to long-term plan. A Dynam unit is taking 53.44 million Macau Legend shares at HK$7.25 each, a discount of 7.7 percent, in a private placement. “The board is of the view that further strengthening the business relation with MLD through the said additional investment would turn out to be beneficial for the group to enter into the casino business,” it said in a regulatory filing to the Hong Kong Stock Exchange.