After some delays during construction, the $5 million redevelopment opened on 2 August 1980, being known as the Hoyts Entertainment Centre. Apart from the new, much smaller cinemas, one of which was decorated with plaster ornament either salvaged or recast from the 1929 originals, the building contained a ground level vestibule and bar adjacent to this embellished cinema that were fitted out in a similar manner. Two cinemas with their own "modern" foyer were installed on an upper level accessed via the grand staircase, and a food outlet (McDonald's) was set up in the basement. The Regent Building facing Queen Street remained intact with minor alterations and served as an entrance to the new cinema complex.