Macau Legend Development has confirmed that it aims to invest between $300m to $500m in “several projects” in Laos “over a number of years”.
The company currently operates Savan Resorts in Savannakhet, near the country’s border with Thailand.
“Our initial focus is to expand the current integrated resort in Savannakhet, Savan Resorts, as well as the local airport in Savannakhet,” said a spokesperson for the company, speaking to the gaming media. “We are in active discussions with the government.”
The company’s co-chairman and CEO, David Chow Kam Fai, stated on 21 April that that Macau Legend is interested in developing a “large-scale integrated tourism and entertainment resort” project in Laos, and has applied for government permission.
The proposed site for the project is reportedly situated next to Savan Resorts and is said to be part of Savannakhet’s Savan Seno Special Economic Zone.
Macau Legend paid $42m Savan Resorts – then called Savan Vegas Hotel and Entertainment Complex – in 2016. The deal also included a 50-year monopoly on casino operations in Bolikhamsay, Khammouane and Savannakhet provinces, with an option to extend this for a further 49 years.
“We are also working with the government of Laos to explore additional areas outside of the current zone of exclusivity to develop one or two more additional integrated resort projects in the country,” the spokesperson added.