David Chow steps down from Macau Legend board

Local gaming firm Macau Legend Development Limited announced today (Wednesday) that David Chow Kam Fai has exited the board of the hotel and casino services company.

According to a filing sent on Tuesday to the Hong Kong Stock Exchange after the company’s annual general meeting, Chow, who founded the company in 2006, has retired as co-chairman of the board and non-executive director.

The gaming businessman and former legislator also ceased to serve as a member of the remuneration committee and nomination committee of the board.

The reason for Chow’s resignation is that he wants to focus on other commitments, and he has no disagreement with the board or the company, the gaming services company’s announcement added.

Meanwhile, Chow’s spouse, Melinda Chan Mei Yi was reappointed as executive director with more than 99.46 per cent of the votes at the meeting and remains as chief executive officer, while Li Chu Kwan is chairman and Tsang Ka Hung continues as executive director.

Macau Legend’s leadership has seen some changes over the last couple of years.

Levo Chan, who had replaced Melinda Chan as CEO in December 2020, resigned from all executive positions in January 2022 after being detained by the Macau Judiciary Police (PJ) on suspicion of “illicit gambling activities”, formation of a criminal syndicate and money laundering.

Macau Legend later indicated that an independent consultant did not find ‘any irregularity’ in the business dealings between the gaming company and Levo Chan, who was also head of one of Tak Chun, one of city’s top junket operators.

Following Levo Chan’s resignation, Melinda Chan resumed the role of CEO of Macau Legend. 

Macau Legend has been operating two satellite casinos at Macau Fisherman’s Wharf – Babylon and Legend Palace – under the Macau gaming concession of SJM Holdings Ltd.

Earlier this month, Melinda Chan told GGR Asia that the company was no longer running casino operations at Macau Fisherman’s Wharf, now under full control of SJM, according to the same report.