Macau-based casino operator Macau Legend Development Ltd. (MLD) turned profitable in the first half of 2018 after selling the Landmark Macau casino hotel.

In a regulatory filing, MLD told investors that it managed to reverse the HKD229-million loss (US$29.18 million) it registered during the first six months of 2017 and bring the company to profitability in H1 2018 after completing the casino hotel sale in April.

MLD sold 100 percent of its equity in New Macau Landmark Management Ltd., which controls the Landmark Macau, to at least four buyers in March 2018, including Macau-based Dong Lap Hong Investment Company (DLHIC).

DLHIC, owned by Chong Sio Kin, president of the board of the Macau General Association of Real Estate, reportedly acquired 58 percent of shares in Macau Legend.