Las Vegas Sun

March 29, 2024

Macau group may bid for country’s first license

Greek Mythology (Macau) Entertainment Group Ltd., which runs a casino under a license held by Macau tycoon Stanley Ho, said it will submit a HK$5 billion ($642 million) bid to build Singapore's first casino.

The plan, which will put the Macau casino operator in competition with MGM Mirage and Harrah's Entertainment Inc. for a license in the city-state, will be its "first step to tap into Asia's gaming and entertainment industry" outside Macau, Greek Mythology's controlling shareholder Ng Man Sun said.

The company is investing in a region it estimates may generate annual gaming revenue of $14 billion. Singapore, considering its first casino in a planned resort and convention center to attract more tourists and travel-related revenue, is planning safeguards to restrict local access.

Greek Mythology, which opened its first Macau casino last month, said an average of 30,000 visitors a day have walked through its marbled entrance -- which features a 15-foot-high sculpture of the sea god Poseidon, a statue of Zeus hurling lightning bolts and walls lined with reliefs of scantily-clad women and Greek soldiers in chariots.

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