Local gaming company Macau Legend Development Limited announced today (Wednesday) that David Chow Cam Fai has stepped down from his position as director of the hotel and casino services company.
Chow, who founded the company in 2006, has stepped down as co-chairman and non-executive director of the board, according to documents filed with the Hong Kong stock exchange on Tuesday after the company’s annual shareholders’ meeting.
A gaming businessman and former lawmaker, he also stopped serving on the board’s compensation and nominating committees.
The reason for Zhou’s resignation is that he wants to focus on other commitments, and he is at odds with the board and the company, the game services company’s announcement added.
Meanwhile, Mr. Zhou’s spouse, Melinda Zhang Mei Yi, was re-elected as Managing Director with over 99.46% of the votes at the meeting, and will remain CEO, with Lee Chu Kwan. Mr. Tsang Ka Han will remain as Managing Director.
Macau Legends’ leadership has undergone several changes over the last few years.
Levo Chan, who succeeded Melinda Chan as CEO in December 2020, was detained by the Macau Judicial Police (PJ) on suspicion of “illegal gambling activities,” forming criminal syndicates, and money laundering. , resigned from all executive positions in January 2022. .
Macau Legend later said an independent consultant found no “fraud” in business deals between the gaming company and Levo Chan, who headed one of the city’s top junket operators, Tak Chun. showed that
Following Levo Chan’s resignation, Melinda Chan has resumed her role as CEO of Macau Legend.
Macau Legend operates two satellite casinos (Babylon and Legend Palace) at Macau Fisherman’s Wharf under SJM Holdings’ Macau Gaming Concession.
According to the same report, Melinda Chan told GGR Asia earlier this month that she no longer operates a casino business at Macau’s Fisherman’s Wharf and is now under full control of SJM.
