Thursday, June 30, 2022

Amax considers legal action against Greek Mythology


HK-listed Amax International Holdings is considering taking legal action against the operator of Greek Mythology Casino for failing again to submit its annual financial accounts to the company.

“The company has yet to obtain 2015 & 2016 management accounts from Greek Mythology. The company has been advised by its Macau lawyer to take further legal action against Greek Mythology and its management,” said the company in a statement.

Regarding the indebted amount, Amax said the board has been taking steps to recover the amount, however, there has not been a response from Greek Mythology nor any solution agreed by both parties.

In late July, the Macau Government Tourist Office (MGTO) ordered the temporary closure of Beijing Imperial Palace Hotel (formerly known as New Century Hotel) for a period of six months.

According to a release on the government website, the decision was made as the hotel “committed serious administrative irregularities and failed to carry out essential fire safety measures.”

At the time, Amax said the casino would be allowed to continue operations, but envisioned that visitor numbers would suffer as a result.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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