[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Supplier News

China – Greek Mythology unaffected by hotel problems

By - 3 January 2014

With creditors taking over control of the New Century Hotel in Taipa, Macau, Amax International Holdings, the owners of the Greek Mythology Casino located inside the hotel have said its operation will remain unaffected.

A spokesperson for Amax said: “The company would like to clarify that the operation of the hotel and Greek Mythology is separate. The company does not have any equity interest in the hotel while Greek Mythology is the tenant of the hotel for the floors to operate the casino. The company has discussed with a Macau lawyer and the legal advice from the Macau lawyer is that the judgement will not affect the continuous operation of Greek Mythology.”

Amax stated that in the six months to September 30 this year its losses from the property had increased to HK$16m (US$2.06m) from HK$15m.
The company said: “The first six months of the financial year remained a challenging period for the group as it was still struggling to restore normal business order from the aftermath of a series of unforeseeable and unfortunate events originated in the past few years. The loss was mainly attributable to the fact that relevant financial information of Greek Mythology (Macau) Entertainment Group Corporation Ltd, (an associate of the group which operates and manages Greek Mythology Casino and in which the group owns 24.8 per cent equity interest) for the period under review was not yet concluded.”

Share via
Copy link