The Landmark Macau, a casino-hotel on the Macau peninsula close to Macau Fisherman’s Wharf, is no more. Not in name, at least. It is now officially known as the New Orient Landmark Hotel. The change in name comes after the casino-hotel was sold this past April by Macau Legend Development to an indirect subsidiary of Macau Legend, New Macau Landmark Management Ltd.
Media outlet GGRAsia reported on the name change, adding that it conducted a site inspection on Wednesday. That inspection didn’t reveal any changes in the venue’s Pharaoh’s Palace Casino, which will still be managed by Macau Legend under the license of SJM Holdings Ltd.
GGRAsia added that it had attempted to talk to Chong Sio Kin, a Macau property investor who is now the majority owner of the property, but was unsuccessful. Chong is also the chairman of New Orient Group, a Macau property development firm and president of the board of the Macau General Association of Real Estate. His purchase reportedly gave him 58% of the shares of Macau Legend.
The transfer of the hotel came after its CEO, David Chow Kam Fai, and a wholly-owned Macau Legend group sold 100% of their equity to New Macau Landmark. The deal was initially expected to be completed during the first quarter of the year, but was delayed as Macau Legend needed more time to fulfill certain unspecified conditions of the sale.