Thursday, April 28, 2005

Greek Mythology Group to take over the cross-boundary ferry terminal from Tuen Mun, Hong Kong

The Hong Kong government has approved plans by the Greek Mythology (Macau) Entertainment Group to take over the rights to renovate and operate the cross-boundary ferry terminal from Tuen Mun, thus providing a third alternative ferry service for Macau-bound gamblers." Greek Mythology's Macau service will compete with the hydrofoil line between Hong Kong island and Macau controlled by the Ho family and a line between Tsim Sha Tsui and Macau controlled by tycoon Cheng Yu-tung. The operator took over the franchise with an eye toward ferrying mainland gamblers to Macau via Tuen Mun. North West Express originally planned to sail to Macau every half hour between 11am and 2am to a planned ferry terminal on Taipa island in Macau. The Greek Mythology Casino is located in the New Century Hotel on Taipa, but the company intends to build a second casino elsewhere in Macau. Businessman Ng Man-sun is the majority owner of Greek Mythology, of which Hong Kong-listed A-Max Holdings controls a 16 percent interest. more