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The 13 Hotel Macau up for sale, asking $307M
The 13 Hotel is being sold by auction until April 5th. The owner is asking for HKD2.4 billion ($307 million) for the property, which has been closed since February 2020.
Daily Asia Gaming eBrief: The lessons to take from the failed The 13 project
The failed project The 13 continues to baffle many in the industry, with gaming expert Ben Lee explaining to AGB that the project proves that timing, location and having the right people are much more important than money.
Under the Scope: The 13 is proof that not every casino project will make money
The failed project The 13, envisioned over a decade ago by Hong Kong billionaire Stephen Hung and located at the end of the Cotai Strip in Macau, is a haunting reminder of the fact that not every proposed casino project will succeed; and proof that timing, location and having the right people willing to support plans are much more important than money.
Former The 13 chairman being held without bail in US
The former chairman of the company behind defunct luxury Macau project The 13, Lee Coker Jr. has been denied bail by a US court, being considered a flight risk. Coker is under investigation over his alleged involvement in a stock market manipulation case linked to a New Jersey deli and involving his father and another accomplice.
Macau court declares The 13 operator bankrupt, company delists from HKEX
Macau’s Court of First Instance has officially declared bankrupt the company behind the defunct luxury hotel The 13.
South Shore, former operator of The 13 luxury hotel, to delist from HKEX on Thursday
South Shore Holdings Limited – the former operator of proposed Macau ultra-luxury hotel-casino The 13 – will have its listing on the Hong Kong Stock Exchange officially cancelled on February 9th at 9:00 am.
Former Macau The 13 operator to delist from the Hong Kong Stock Exchange
The former operator of Macau’s proposed ultra-luxury casino-hotel The 13 has announced that it is now planning to delist from the Hong Kong Stock Exchange after failing to resume the trading in its shares by January 1st.
Former chairman of failed The 13 in Macau arrested in Phuket on fraud charges
The former chairman of the company behind failed Macau luxury gaming and hospitality project The 13, Peter Lee Coker Jr, has been arrested in Thailand for allegedly manipulating stocks and colluding in fraud to help his company’s growth.
The 13 parent says no accord yet reached on restructuring
South Shore Holdings, the owner of Macau's The 13 hotel, said its liquidators have held discussions to explore the possibility of a restructuring of the group, but as yet no agreement has been reached.
South Shore unit that owns The 13 applies for liquidation
South Shore Holdings said the Macau unit that owns indebted luxury hotel, The 13, has applied for voluntary liquidation.Â