Macau’s failed luxury hotel The 13 is attempting a comeback, as it aims to keep its hotel license in the SAR, having recently announced its reopening, pushing to fulfill its license renewal process, expected to take place in October, before its expiration in December.

Macau’s failed ultra-luxury hotel The 13 has reopened its doors, despite its parent company having been declared bankrupt and a failed attempt at auctioning off the property last March.

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.

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.

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.

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’s Court of First Instance has officially declared bankrupt the company behind the defunct luxury hotel The 13.

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.

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.

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.