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Greek Mythology Submits Proposal to Singapore

13 January 2005

MACAU – (PRESS RELEASE) -- Macau gaming and entertainment group Greek Mythology (Macau) Entertainment Group Limited today announces its intention to submit a proposal to the Government of Singapore in response to its call for potential investments in an integrated resort project with casino gaming.

The proposal will outline the company's preliminary development concepts for the project which will include a casino, hotels, convention halls, shopping malls and other leisure facilities, with total investments estimated at around HK$5-6 billion. While the casino will be one of the major attractions of the integrated resort project in Singapore, the entire project will be a recreational and business cluster.

Mr Ng Man Sun, President, Greek Mythology Casino, said, ''We intend to invite the participation of A-Max Holdings Limited and other strategic partners in this submission, our first step to tap into Asia's gaming and entertainment industry which is valued at about US$14 billion a year.''

The company's newly opened Greek Mythology Casino in Macau has been recording an average daily traffic of about 30,000 visitors since its inception. In anticipation of increasing number of visitors, the second phase of the casino, with an extra space of 140,000 sq ft, is targeted to open doors before the Chinese New Year. When the second phase is operational, the total number of gaming tables at Greek Mythology will increase to 500, plus the addition of six VIP rooms and 100 slotting machines.

New recreational facilities will also be unveiled in the extended hall. In view of the strong demand for children's and care services, the company will expand and relocate the existing 3,000-sq-ft children's centre to the top floor with a space of 30,000 sq ft.

On November 30, 2004, Greek Mythology (Macau) entered into an agreement with Hong Kong listed A-Max Holdings Limited (SEHK: 959) pursuant to which A- Max will become one of the major shareholders with a maximum equity interest of approximately 14% in Greek Mythology (Macau). Greek Mythology Casino operates under a concession arrangement with Sociedade de Jogos de Macao, S. A.

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