Macau Legend Development Limited provided earnings guidance for the year ended 31 December 2020. The board of directors of the company announced the group is expected to record a consolidated loss attributable to equity holders of the company with a range from HKD 1.9 billion to HKD 2.0 billion for the year ended 31 December 2020 as compared to the consolidated loss of approximately HKD 190 million for the corresponding period in 2019, which is mainly attributable to 1) the significant decrease in revenue as a result of the social distancing measures and travel restrictions imposed by government authorities in response to the COVID-19 pandemic which have severely declined the tally of visitor arrivals to Macau and Laos during 2020; and 2) the impairment losses recognised for certain business unit(s) due to the adverse changes in economic situation under COVID-19 pandemic.