Macau Legend warns it may not meet loan obligations

Macau Legend Development said it may be unable to meet its debt obligations if lenders demand immediate repayment, despite returning to positive adjusted EBITDA in the first half of 2026. The casino and hospitality group reported an unaudited net loss of HKD136.8 million for the six months ended June 30, narrowing sharply from HKD1.42 billion a year earlier. Revenue from continuing operations rose 2.7% to HKD172.7 million, while adjusted EBITDA turned positive at HKD8.8 million. The improvement came after Macau Legend’s satellite casino at Legend Palace on the peninsula ceased operations late last year. However, the company’s balance sheet r…