![]() GREEK MYTHOLOGY (MACAU) ENTERTAINMENT GROUP LIMITED HK$600-million Casino Opens Door to Become One of the Largest in Macau
Macau, December 22, 2004 - Macau gaming and entertainment group Greek Mythology (Macau) Entertainment Group Limited is opening a new Greek Mythology Casino at New Century Hotel on December 23, 2004. The first phase of this integrated casino and entertainment project has a total gross floor area of 160,000 sq ft and called for an investment of HK$600 million.
Design, construction and fitting out took six months to complete. Created under a historic theme, the interior decor was custom-built with the aid of state-of-the-art computer technology. The casino has eight zones reflecting the multi-faceted nature of Greek culture. Major attractions include a colossal lobby with a 4.5-m-high Poseidon sculpture, a Zeus Hall and miraculous water streams. The casino is opening with 228 gaming tables in the first phase, with a further expansion to 500 tables on an area of 300,000 sq ft scheduled for 2005. In the third phase, a new hotel wing will be built to house another 500 gaming tables. Greek Mythology will spend a further HK$5 million a month to provide free entertainment performances, including Moulin Rouge, for the enjoyment of visitors. Other leisure facilities include a childrenˇ¦s centre of 3,000 sq ft with childcare services. In 2005, Macauˇ¦s casinos are projected to generate an aggregate income of US$5 billion, taking over Las Vegas as the worldˇ¦s largest gaming market. Sociedade de Jogos de Macao, S.A. accounted for more than 80% of total gaming revenues in Macau with the remaining contributed by Sands, Galaxy and other major casinos. Visitor arrivals rose 44% period-on-period in the first ten months of this year, pointing to sustained strong momentum for the gaming industry in Macau. On November 30, 2004, Greek Mythology (Macau) entered into an agreement with a Hong Kong listed company A-max (Holdings) Limited (SEHK: 959) pursuant to which A-max will become one of the major shareholders with a maximum equity interest of approximately 14% in Greek Mythology (Macau). Greek Mythology Casino operates under a concession arrangement with Sociedade de Jogos de Macao, S. A. Issued by : Through : |