Melinda Chan returns as Macau Legend CEO

Mr Chan – who also led junket operator Tak Chun Group – was arrested and detained by Macau Judiciary Police on 28 January as part of an investigation into a criminal syndicate that dates back to August 2019.

Police stated that the arrests were linked to those carried out in November, when SunCity chairman Alvin Chau was arrested for connections to an illegal gambling ring, along with 10 others.

The Procurator General of Macau later revealed that his alleged crimes included commanding a Triad organisation.

When the arrest was announced, Mr Chan stepped down from his role at Macau Legend.

Ms Chan will fill the position of chief executive, a role she had previously held from March to December 2020. The business said she has “over 30 years of extensive experience in the business and management of casinos”.

In addition, she is a member of the Macau Legislative Assembly.

As chief executive, she will receive remuneration of HK$220,000 per month with a bonus of 1% of the positive gaming EBITDA of the Company’s Macau business.

Meanwhile, lawyer Li Chu Kwan has been appointed chairman of the business.

“In addition to nearly a decade’s experience in the legal field, he also has substantial experience in the field of business management, having managed and supervised projects in information technology, financing, and business strategic planning,” Macau legend said.

Mak Ka Wing has also been appointed to the Macau Legend board as a non-executive director. He will sit on the business’s remuneration committee, audit committee and nomination committee, as well as being chair of the nomination committee.

Macau Legend is a subconcessionaire operating on the concession granted to SJM Holdings, which reported revenue growth for 2021 earlier today.

The subconcession model could be abandoned, however, under a bill to overhaul the Macau gaming market. Instead of three concessions and three subconcessions, the bill proposes allowing for six full concessions.