As we mentioned earlier back in November 2007, Oceanus Casino Project Getting Ready to Kick Off >>, we just received a snippet of news that the interim New Yaohan department store will be opening in May 2008 on the Lot One site in Nam Van Lake opposite to the old Judicial Court. The mall has a foot print of 1,900 square meters and will be a ten-storey mall.
So it looks like that the massive Oceanus Casino project can start the demolition works of the old New Yaohan store around June, and also prepare for the imminent close down and demolition of the Darling Massage Parlour and the Jai Alai Casino buildings.
New Yaohan will be back at it’s original location when Oceanus opens, probably in 2012. Since New Yaohan was taken over by STDM | SJM (the owner of Oceanus) in the late 90s, business has grown “steadily” by about 20% each year.
Related Posts
- Macau Q1 2008 Gross Domestic Product Expands by 31.6%
In the first quarter of 2008, performance of the gaming sector continued to stay vibrant, with gross gaming revenue (excluding... - Another 36,000 Hotel Guestrooms to Hit Macau
Currently in Macau there a total of 23 hotel projects under construction and another 23 waiting for approval around the... - Macau Busting At Its Seams
We always have said Macau is busting at its seams. Infrastructure is becoming a serious issue, and if they are...
- Dont Miss It - New Season Of '30 Days' Starts Tonight June 3.
One of my favorite TV shows in the last couple of years was Morgan Spurlock's 30 Days, which puts people in different lives then their... - Making money with an eBay Store, Part 3: Starting and minding your business
(This post is part of a series on Making Money with an eBay Store. The Introduction and table of contents to the series is here.)... - Vietnam Eyes Macau Style Casinos
Foreign investors are vying to build Macau-style luxury gambling and hotel complexes in a beachside resort area close to Vietnam's buzzing southern commercial hub of...
