Tuen Mun ferry route on agenda for Greek Mythology

PUBLISHED : Friday, 20 May, 2005, 12:00am
UPDATED : Friday, 20 May, 2005, 12:00am

Casino operator Greek Mythology (Macau) Entertainment Group plans to launch ferry services between Tuen Mun and Macau's new ferry terminal next to the airport in Taipa.

Greek Mythology obtained the right to sail the route through buying a stake in Tuen Mun Ferry Terminal operator North West Express last year, vice-chairman Michael Chan King-ming said.

Talks with the maritime authorities in Hong Kong and Macau were continuing, he said, adding he expected the ferry services to begin this year.

'A third of the population of Hong Kong resides in the northwest New Territories,' Mr Chan said. 'We're not saying they should all come to Macau and gamble.'

The ferry trip from Tuen Mun to Taipa will take 40 minutes, about 20 minutes faster than the ferry services from Sheung Wan and Tsim Sha Tsui.

The service, which will start with three ferries, will run half-hourly.

Mr Chan also said the company would be interested in running ferry services between Hong Kong Disneyland and Macau if the theme park's management were amenable to the idea. No formal talks with Disney had begun, he said.

Explaining why the company lost its bid to build a casino resort in Singapore last month, Mr Chan said Greek Mythology's proposal failed to impress because it was drafted in a hurry.

'We didn't put sufficient time and resources into preparing the tender document,' he said. 'We lack connections in Singapore, so perhaps the wording or design in our proposal was not suitable.'

Greek Mythology would concentrate on developing its business in Macau, vice-president Francis Lam Cheuk-va said.

With 223 tables and 40 slot machines in operation since December, the casino hopes to add 30 high-roller VIP gaming tables by the end of the month.

'Our post-tax profits have doubled within five months,' Mr Lam said, adding a detailed financial report would be published later this month.

Greek Mythology owner Ng Man-sun was seeking acquisition opportunities in the United States, he said.

At a board meeting on Wednesday, the firm's directors voted to approve a proposal by Hong Kong-listed A-Max Holdings to buy more of the company, said Mr Chan, also an executive director at A-Max.

A-Max holds 16 per cent of Greek Mythology. A-Max shares were suspended from trading yesterday, pending the release of 'price-sensitive information'.

Although the mainland had recently banned tour groups of gamblers from crossing the border, the impact on Greek Mythology had been insignificant, Mr Chan claimed, even though tour buses that used to shuttle punters directly to Greek Mythology fromZhuhai had been cancelled.




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