Macau Legend finalizing Cape Verde discussions

Macau Legend Development announced that the company is finalising discussions with the government of Cape Verde for an investment of approximately €250 million ($273 million) for an integrated resort.

The casino services firm said in a filing that no agreement has been made yet but it is intended that one will be signed after trading hours on 22 July 2015.

“[I]t is intended that the definitive investment related agreements will be signed after trading hours on 22 July 2015. A further announcement will be made by the Company after the Agreements have been signed.”

The resort will include high-end hotels, casinos, conference centers and yacht piers, the Hong Kong Economic Journal reported.

Last week Macau Legend said it expects to record a year-on-year loss for the six months ended 30 June 2015, without giving specific numbers.