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Mojiva Authors: Kevin Benedict, RealWire News Distribution, Dilip Dilip, Kristy DelMuto

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GREEK MYTHOLOGY CASINO Net Income of MOP234 Million in First 4 Months of Operation

GREEK MYTHOLOGY CASINO Net Income of MOP234 Million in First 4 Months of Operation

MACAU, May 30 /Xinhua-PRNewswire-FirstCall/ -- Leading Macau gaming and entertainment group Greek Mythology Casino today reported strong performance for its new casino in Macau since its opening on December 23, 2004. In the first 4 months of 2005, Greek Mythology Casino registered net gaming income of over MOP234 million (net of gambling taxes of about 40 percent and concessions paid). Monthly net gaming income at the casino has jumped from MOP40 million at the beginning of the year to more than MOP70 million in March and MOP80 million in April, while the monthly operating costs were kept stable at several million MOP. The casino had invested more than MOP600 million in the first phase development. In view of the revenue growth trend in the past months, management expects that the first phase investments can be early paid off this year.

Since its opening in December 2004, Greek Mythology Casino's traffic has increased significantly to approximately 30,000 visitors daily in the recent month. The basement floor of the New Century Hotel is reserved for the second phase development of Greek Mythology Casino. The second phase of the casino will have a total floor area of 37,000 sq ft, of which 20,000 sq ft will be reserved for the building of more VIP rooms.

Four newly renovated VIP rooms are now in test operation and currently contributing significantly to the casino's gaming income.

Mr Michael Chan, Vice Chairman of Greek Mythology Casino, said: "We are much encouraged by the robust performance of the casino and will speed up the expansion of VIP rooms and slot machines. Upon regulatory approval, we plan to add more VIP rooms to our casino shortly."

Hong Kong public listed A-Max Holdings Limited (HKEx: 959) is the second largest shareholder of the casino. On May 18, 2005, Greek Mythology repurchased a total of 19.95% equity interests in the casino from its major shareholder Mr Ng Man Sun and two other minority shareholders. The exercise resulted in an increase in the stake of A-Max in Greek Mythology Casino from 16% to 19.99% at no cost. Greek Mythology also announced plans to continue the negotiations with its shareholders regarding the feasibility of further repurchases.

Mr Ng Man Sun is the single largest shareholder of A-Max Holdings Limited and New Century Hotel, Macau.

CONTACT: Angus Ho or Winnie Pang t6.communications limited Tel: +852-2511-8388 Fax: +852-2511-8238 Email: [email protected] Url: http://www.t6pr.com/

Greek Mythology Casino

CONTACT: Angus Ho or Winnie Pang of t6.communications limited for Greek
Mythology Casino, +852-2511-8388, or fax, +852-2511-8238, or [email protected]

Web site: http://www.t6pr.com/

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