Greek Mythology
Entertainment Scraps Cambodia Plan
Greek Mythology Entertainment
Group, a Macau casino operator 20 percent owned
by Hong Kong-listed A-Max Holdings Ltd., scrapped
a $50 million plan to build a casino in Cambodia,
South China Morning Post reported, citing Greek
Mythology's Vice Chairman Michael Chan.
Greek Mythology scrapped its plan to build the casino
resort in Poipet on the Thai border on fears that
Thailand's imminent plan to legalize casino gaming
would drain the project of Thai customers, the Hong
Kong-based English language daily reported.
A-Max shares have plunged 81 percent this year
after surging almost 700 percent in 2004 on the
investment in Greek Mythology, which uses a license
for gaming tycoon Stanley Ho to operate a casino
in Macau, the only place in China were casinos are
legal.
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