Scientific Game

2017 Inside Asian Gaming Power 50: Number 21 - David Chow

Tuesday, 05 December 2017 13:48
Share
Visit us


21 David Chow

CO-CHAIRMAN AND CEO
Macau Legend Development

POWER SCORE
1,148

LAST YEAR
30

CLAIMS TO FAME
• Valuable asset in Macau Fisherman’s Wharf as its redevelopment moves forward
• Opened boutique Macau hotel and casino Legend Palace in 2017
• Both he and wife Melinda Chan are former Macau lawmakers

David Chow – a former Macau legislator and member of the committee that elects the Chief Executive – has been a busy man. The Chairman and CEO of Macau Legend Development achieved a major milestone in February with the opening of Legend Palace, the second hotel-casino to launch as part of the mass redevelopment of Macau Fisherman’s Wharf and by far its most luxurious with 229 hotel rooms and more than 60 gaming tables.

One of three hotels at Fisherman’s Wharf, Harbourview, opened 12 months earlier with 444 rooms and suites.

Macau Legend Development has also been making its presence felt abroad – most notably via a €250 million integrated resort complex on Cape Verde’s main island of Santiago. The company broke ground on the multi-use facility in February 2016 which is expected to be completed by early 2019, but Mr Chow hasn’t stopped there.

It has been reported by local media in recent months that the Macau businessman plans to expand his Cape Verde interests by buying up agricultural properties on Santiago with the goal of both exporting food and supplying it directly to his 14-story island resort.

He is also getting heavily involved in Cape Verde’s economy, signing a memorandum of understanding with the government in May to open the Banco Sino-Atlântico bank. The plan is to attract Chinese capital, open the door for international payments and in turn aid local businesses.

Cape Verde aside, Macau Legend Development last year purchased Laos casino Savan Vegas – since rebranded Savan Legend – for US$42 million which it hopes will provide a further opportunity to develop an integrated resort within the same province. Savan Legend contributed revenue of HK$119.6 million in its first six months of operation under Macau Legend’s control through 30 June, while Legend Palace brought in HK$175.3 million in a little over four months. In total, Macau Legend’s revenue grew 28.5% for the six months to 30 June 2017 to HK$855.9 million although the group reported a combined loss on the back of costs associated with Legend Palace’s opening. The property also endured the worst of Typhoon Hato in August, forcing the closure of casino facilities for a number of weeks.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

Current Issue

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner Inside Asian Gaming will host the inaugural Asian Gaming Power 50 Gala Dinner on 23 November 2018. Friday, 12 January 2018 06:47

ENTER THE DRAGON2

ENTER THE DRAGON2 NagaWorld’s expansion lifts the Mekong region’s largest integrated resort and Phnom Penh into the top tier of regional destinations, with an increasing focus on Chinese tourists. By Muhammad Cohen | Editor at large in Phnom Penh   When I first visited NagaWorld six years ago, the casino hot... Friday, 29 December 2017 03:00

Strength in numbers

Strength in numbers Macau’s VIP segment has been historically volatile, but has surprised with the sheer strength of its resurgence in 2017. What can we expect from VIP in 2018? By Ben Blaschke   If the jury was out on the sustainability of Macau VIP’s resurgence for much of 2017, it’s not anymore. Having cop... Friday, 29 December 2017 02:54

Data driven

Data driven From the traditional betting habits of Europe to the expanses of Asia, data analytics firm BettorLogic is showing how the correct use of data can provide benefits to sportsbook operators and customers alike. By Ben Blaschke   One of the enormous challenges facing sportsbook operators today is st... Friday, 29 December 2017 02:46