Core Viewpoint - The company is experiencing a significant decline in revenue and an increase in losses due to a drop in gaming-related operational income and a major impairment loss related to its assets [1] Financial Performance - For the six months ending June 30, 2025, the company's total revenue is expected to decrease by approximately 12% compared to the same period last year [1] - The anticipated loss for this period is around 1.421 billion HKD, a substantial increase from a loss of approximately 110 million HKD in the same period last year [1] Impairment Loss - The major reason for the increased loss is a significant impairment loss of approximately 1.288 billion HKD related to the company's holdings in the Macau Fisherman's Wharf, due to the non-renewal of a third-party service agreement [1] Adjusted EBITDA - Excluding the impairment loss and its tax impact, the expected loss is projected to increase by about 23 million HKD compared to the previous year, primarily due to a reduction of approximately 30 million HKD in adjusted EBITDA from gaming-related operations [1]

Core Viewpoint - Macau Legend Development Limited (01680) reported a significant decline in total revenue for the six months ending June 30, 2025, with an approximate decrease of 12% compared to the same period in 2024, primarily due to reduced revenue from gaming operations [1] Financial Performance - The company anticipates a loss of approximately HKD 1.421 billion for the reporting period, a substantial increase from a loss of about HKD 110 million in the same period last year [1] - The major increase in loss is attributed to a significant impairment loss of approximately HKD 1.288 billion related to the value of the Macau Fisherman's Wharf, due to the non-renewal of the service agreement with Melco Resorts & Entertainment Limited, which expires on December 31, 2025 [1] - Excluding the impact of the impairment loss and related deferred tax effects, the expected loss for the reporting period is projected to increase by approximately HKD 23 million (around 21%) compared to the previous year, mainly due to a decrease of about HKD 30 million in adjusted EBITDA from gaming operations [1]

Core Viewpoint - Macau Legend Development Limited (01680.HK) reported a significant decrease in revenue for the six months ending June 30, 2025, primarily due to a decline in gaming-related operations [1] Financial Performance - The total reported revenue for the period is expected to decrease by approximately 12% compared to the same period in 2024 [1] - The company anticipates a loss of about HKD 1.421 billion for the reporting period, a substantial increase from a loss of approximately HKD 110 million in the same period last year [1] - The increase in loss is largely attributed to a significant impairment loss of approximately HKD 1.288 billion related to the value of the Macau Fisherman's Wharf, due to the non-renewal of a service agreement with Melco Resorts & Entertainment Limited after December 31, 2025 [1] Operational Insights - Excluding the impact of the impairment loss and related deferred tax effects, the expected loss for the reporting period is projected to increase by approximately HKD 23 million (around 21%) compared to the previous year [1] - The adjusted EBITDA from gaming-related operations is expected to decrease by approximately HKD 30 million [1]