New Yaohan

It was established on September 18, 1997, from the Macau branch of Yaohan, which was the first department store on the island.

The Japanese retail group Yaohan established a branch store in Macau which was located on Avenida da Amizade, next to Jai Alai Casino (Chinese: 回力娛樂場, Portuguese: Casino Jai Alai) in 1992; at the time of its opening, the store was the first department store in Macau.

As Kazuo Wada, the director-general of Yaohan Japan, announced that the group was filing for bankruptcy on September 18, 1997,[1] Panda Sociedade de Gestão de Investimentos Limitada, a subsidiary company of Sociedade de Turismo e Diversões de Macau and Shun Tak Holdings, purchased the ownership of the branch store of Yaohan.

[4] In 2005, STDM announced it intended to demolish the New Yaohan store building and rebuild it as Oceanus (回力海立方娛樂場), the contingency development plan of its casino subsidiary Sociedade de Jogos de Macau in 2005.

[6] New Yaohan Department Store invests 30 million patacas for the outlet store known as New Yaohan Outlet (Chinese: 新八佰伴Outlet, Portuguese: Outlet do Novo Yaohan) on the third floor of the Outer Harbour Ferry Terminal which has an area of 11,000 square feet and it was opened on March 22, 2010.