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China – Imperial Beijing Palace fails to meet reopening deadline

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Imperial Beijing Palace Hotel, the Macau hotel housing the Greek Mythology casino on Taipa has relinquished its operating licence saying that the government imposed deadline of January 22 to complete upgrades was ‘unfeasible.’

The Macao Government Tourism Office had forced the hotel to close in July 2016 for six months as a punishment for ‘serious administrative irregularities’ and ‘illegal reconstructions.’

Its new owners Macau Hotel Developers has applied for “a work permit to remove all illegal structures currently encumbering the hotel and to undergo other mandatory refurbishment works.”

Macau Hotel Developers said: “As a result of the severe problematic irregularities caused by, and inherited from, the former management of the company, namely Chen Mei Huan and Xu Jiaoji, the work permit applications are still under review and pending approval. In particular, authorities have raised concerns over ownership of the hotel’s land property. Considering the imminent expiration of the temporary closure period on 22 January 2017, and the unfeasibility of completing renovation works before then, even if renovation work permit approval is granted, the company is forced to return its current hotel licence to the Macao Government Tourism Office.”

“The company plans to redevelop, renovate, and reapply for the hotel licence as soon as irregularities caused by former management are rectified, and compliance requirements are once again met,” it added. “The new management is dedicated to maintaining a professional relationship with the MGTO and all regulatory authorities.”

Greek Mythology Casino has been closed for over a year. Its owners said it would update its own investors regarding the ‘latest development on the business operation of Greek Mythology as and when appropriate.’

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