The Macau Metro Monitor, August 31, 2012
HKD5 BILLION REDEVELOPMENT PLAN FOR FISHERMAN'S WHARF COMPLEX Macau Daily Times
Upon the merger of Macau Legend Development Ltd (MLD) with Macau Fisherman's Wharf International Investment Ltd (MFW), a series of redevelopment projects will be launched with a total of HK$5 billion in investment. Hotel and casino operator Macau Legend announced that the merger attracted HKD 480 million (USD62 million), a 4% stake of the total investment from SJM.
David Chow Kam Fai, MLD’s Co-Chairman and CEO, plans to redecorate existing buildings in the Macau Fisherman's Wharf entertainment complex and build new facilities, namely a dinosaur museum, a yacht club and two hotels, besides others. The project is scheduled to be completed by the end of 2015. By then, Macau Legend will have 1,200 hotel rooms.
Chow said he was confident in gaining government approval since the plan meets the region’s goal of becoming a “leisure attraction".