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Welcome to VaryagWorld
VaryagWorld is dedicated to covering the past, present and future of the Varyag AC. - Online since 2001
varyag replica - October 2009
STORY

A Chinese company Chong Lot Travel Agency bought the Soviet-made Kuznetsov-class aircraft carrier VARYAG (Viking), lacking an engine and a rudder, from Ukraine for US$20 million in 1998, and wanted to tow it to Macau from the Black Sea and convert it into a floating casino.

Construction of the Varyag began in 1985. After the Soviet Union collapsed in 1991, ownership of the carrier was transfered to newly independent Ukraine. Ukraine halted construction in 1992, when the vessel was about 70% complete. The total estimated cost of the ship was about US$2.4 billion, and more than US$500 million was needed to complete her construction.

Varyag is now under very sophisticated upgrading at Chinese naval base Dalian where it had been tied up for three years after a towage lasted 627 days.

Nowadays, presence and mystery of the Varyag is a cost-effective way that cause maximum intimidation against unsinkable aircraft carrier Taiwan.

Chong Lot - SCMP Varyag and Nikolay Chiker (Tsavliris)
Transoceanic Subterfuge

In 1995, Macau's casino magnate Stanley Ho posed for a photograph on the doorstep of the White House with Wong Sing-wa which had a partnership with Chen Kai Kit. Chen was one of the key officials of Chong Lot Travel Agency and had good connections in Beijing.

In March 1998 the Varyag was bought by the Chong Lot Tourist and Amusement Agency and in November 1998, Cheng Zhen Shu, chairman of Chong Lot Travel Agency, said that Varyag would become a multi-functional entertainment centre, with 600 room hotel, casino, discotheque, restaurants and night-clubs, and called it Ocean Entertainment Centre. Chong Lot was in fact a subsidiary of a Hong Kong company, Chin Luck Holdings.

In August 1999, Hong Kong’s Independent Commission Against Corruption issued a warrant for the arrest of Chen. He was accused of helping to siphon off millions of dollars from a Chinese state food company. But Chen could not be apprehended as he was receiving treatment for an unspecified disease in a Beijing military hospital. At the same month, Hong Kong-based Goldspot Investments became a majority shareholder in Chong Lot. One of the directors of Goldspot had an address inside a military compound in Beijing.

The plan to tow the Varyag to Macau was held up for several months because the Turkish authorities refused to allow the vessel to pass through the Istanbul Strait, alleging a danger to shipping. In September 2001 Turkey finally gave permission for the passage. After an eventful journey through the Mediterranean and around the Cape of Good Hope, the Varyag arrived in March 2002 at the northeastern Chinese port of Dalian.

In May 2005, the Varyag was placed in dry dock and, in early August, it emerged painted in People's Liberation Army Navy gray.

OceanusAt that time Stanley Ho announced the construction of  Oceanus,  an $800 million entertainment complex in Macau, with 600 room hotel, casino, cinema, retail and apartments, scheduled to open in 2009. As one can imagine, this project was similar to that of Chong Lot Travel Agency. It seems Stanley Ho has lost the Varyag in transoceanic subterfuge and has decided to have non-floating one. However, Oceanus casino project was cancelled by Stanley Ho in 2008.

Military Power of the People’s Republic of China
(US Defense Department’s annual reports to Congress)