Macau Legend has reduced its losses in 2022 by 48% from the previous year, reaching HK$607.2 million ($77.35 million). However, the company is concerned about its debt, which could cast doubt on its ability to continue as a going concern. The group saw a drop in gaming revenue in Macau by 43.4% in 2022, primarily due to the expiration of the service agreement between Macau Legend and SJM. Macau Legend has applied for waivers for creditors, with the waivers valid until December 31st, and expects to apply for extensions or amend its loan repayment terms. The group is focused on upgrading dining and entertainment offerings at Macau Fisherman’s Wharf and is optimistic about seizing opportunities for recovery when the tourism industry rebounds.