This place used to be the top dog in the city. There was some ownership issues a few years ago so it's not quite the same as it used to be. Make no mistake, the prices are the same but the quality is not. Back when it first opened this was the place to be seen for the Asian Gucci/LV crowd.
I'm just a pee-on but our family is connected to a wealthy and generous couple who hosted their daughter's wedding there back around year 2000. The meals were $1000 a table for the banquet menu and there were over 40 tables. They left a tip so big that the manager came back to ask if they made a mistake.
Needless to say, we get the royal treatment whenever we show up for dim sum or dinner. Even if the place is packed, we get the next available seat. I think they started the whole 2 tiered seating system which is only good if you're a regular otherwise you take a number in the front and wait forever. For years we came here as regulars and we probably know more than we like to share with the public. Since the ownership issues, we have gone elsewhere. The Chinese 2 tier thing is a bit too much for a simple guy like me and as Katrina L. accurately describes in her review, that mooncake thing is crazy and worse if you're like me and don't eat it.
The food here is definitely good but is it worth the prices? For me, no but some will dispute it. Abalone and shark fin is way overrated. 2 years ago this same wealthy friend threw a retirement party there. I've never had a $3000/table meal and will unlikely experience it again. It was really something else but it's only for those who can appreciate exotic food and have the means to spend it. We attended a wedding banquet in January 2010 and I noticed the quality was sliding. We rarely go here as we live downtown now but aside from the distance, it's really not as good as it used to be. 3.5 stars rating overall.