Macau Legend Development reaffirms casino, junket plans

Macau Legend Development said in a filing to the Hong Kong Stock Exchange that it wants to diversify its business and indirectly participate in the gaming promotion business. It intends to “enter into arrangements whereby the company and its subsidiaries will be permitted to indirectly participate in the gaming promotion business through a licensed gaming promoter,” it said. The board of directors said the company is in consultation with relevant authorities in Macau and Hong Kong in relation to the feasibility of the plan. It gave no further details.