Greek Mythology Casino halts business for renovation

However, it still remains unknown when the operation will be resumed. The casino, located inside the Beijing Imperial Palace Hotel (formerly known as New Century Hotel) in Taipa, is operated by Greek Mythology Entertainment Group under the gaming license of Sociedade de Jogos de Macau S.A. (SJM)

According to the notice, clients can register and exchange their Greek Mythology chips at SJM’s Grand Lisboa Casino during the closure period. But the casino did not say in the announcement how long the renovation works will take.

Greek Mythology Casino is founded by Ng Man-sun, who is the chairman and CEO of Hong Kong-listed junket investor Amax International Holdings Ltd that owns 24.8% of equity interest in Greek Mythology Entertainment, according to the company’s latest interim report issued in December last year.

A spokesperson of Amax confirmed to Business Daily yesterday that ‘the Greek Mythology is currently closed for renovation purpose,’ adding the company will announce if there are any updates on the progress.

Meanwhile, the Chief Executive Officer of SJM Holdings Ltd, Ambrose So Shu Fai, also confirmed that the temporary closure is just for renovation, assuring that the casino will be reopened.

He told TDM yesterday that the shareholders of the casino would like to re-open the casino property for business as soon as possible as they want to continue making money.

In addition, the SJM chief executive told Hong Kong Chinese-language newspaper Economic Journal that Greek Mythology’s halt of business would not bring any impact to SJM’s own business, due to the casino’s revenues only accounting for very small proportion among other satellite casinos of the gaming concession holder.

In addition, Mr. So indicated that the satellite casinos did not return any gaming tables to SJM following the business suspension, despite it had returned some 40 gaming tables to SJM in 2012.