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International Entertainment said Li Shui Keung ceased to be chief financial officer with effect from Oct. 22.
Southshore Holdings says it has reached an accord to sell 40 percent of the company that owns Macau luxury hotel The 13 for HK$750 million ($95.6 million).
South Shore Holdings, the owner of the ultra high-end The 13 hotel in Macau, said its loss for the year to end March increased by about three times due to a gain in impairment losses on hotel assets, hotel operating expenses and depreciation charges.
South Shore Holdings, operator of The 13 ultra-luxury hotel in Macau, reported that its loss for the year to end-March rose to HK$5.84 billion ($742 million) from $1.57 billion the prior year.
South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum...
Hong Kong-listed South Shore Holdings says it has entered a non-binding memorandum of understanding for an investment of as much as HK$1.5 billion ($191.2 million) to cut debt at its luxury hotel in Macau, The 13.