Macau Legend Development Ltd has confirmed the retirement of Melinda Chan Mei Yi as an Executive Director following the company’s Annual General Meeting on Friday.
Chan, who once held a near 10% stake in Macau Legend, was one of two directors to retire at the AGM – the other being Charles Hongxin Wang – with the company announcing Ms Lam Shu Yan and Ms Ma Cheuk Ling as their replacements.
Chan’s departure comes just days after Macau concessionaire SJM Holdings announced that it would not renew the satellite casino agreements it held with nine satellite operators, including Macau Legend. This means Macau Legend will from 1 January 2026 no longer be able to offer casino gaming at its peninsula property Legend Palace.
The company is already facing financial stress and recently confirmed it had defaulted on a key loan repayment after falling to a US$78 million loss in 2024.
Chan previously served as Macau Legend’s CEO but stepped down in early 2023. The company said in a Friday filing that she had now stepped aside as a director in order to pursue her other work commitments.
Stepping into thew vacant Executive Director role is 40-year-old Ms Lam Shu Yan, currently Macau’s Legend’s CFO and an existing director of the company. Macau Legend said that Ms Lam boasts 18 years of experience in audit and accounting and, prior to joining the group, was employed by Macau Horse Racing Company Limited from June 2013 to January 2023.
Appointed to the Board of Directors as a non-executive director is 32-year-old Ma Cheuk Ling, boasting nine years of experience in the field of accounting. According to Macau Legend, she was previously an assistant assessor at the Inland Revenue Department of Hong Kong, an accounting officer for the
Treasury of the Hong Kong Government and a senior associate at PricewaterhouseCoopers Limited. Ma is currently a senior manager at Happy Empire International Limited.
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