YOHO Group will invest at least MOP30 million ($3.71 million) to develop a food court at the former Greek Mythology Casino site in Taipa. The project forms part of the overhaul of the long-shuttered New Century Hotel, now rebranded as the YOHO Gold Coast Hotel.
Trial operations are slated to begin in the third quarter of this year. The integrated development will feature two hotels with approximately 700 five-star rooms and 240 additional rooms. The property is located next to Melco’s Altira Hotel and casino.
According to a report from Macau Business, the food court—branded as a Macau-specialty dining hub—will comprise 17 stalls, nearly 260 indoor seats, and about 50 outdoor seats.
YOHO will allocate stalls through a public tender/competition open to Macau residents, with priority given to first-time entrepreneurs and local small and medium-sized enterprises (SMEs).
“This site was once a landmark in Macau’s illustrious history of gaming and tourism”, YOHO stated. “We are determined to create not just a dining venue, but a social hub that fosters creativity and community bonds.”
Winners will receive design and fit-out subsidies covering 25 to 100 percent of costs, plus one year of rent-free tenancy. Applications open this Friday and will run through the end of the month.
The property opened in 1992 as the New Century Hotel with around 500 rooms. It was rebranded as the Beijing Imperial Palace Hotel in 2013 before closing in 2016 amid ownership disputes. YOHO began renovations last year.
YOHO Group is an operator of the YOHO Treasure Island Resorts World Hotel, across from Wynn Macau on the Peninsula, and the YOHO Hollywood Roosevelt Hotel in Taipa, located next to the former Macau Jockey Club.
