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The 13 opening delayed again

The opening date of The 13 hotel in Coloane has once again be delayed, this time from March 31 to April 30 “or before”, The 13 Holdings said in a statement to the Hong Kong Stock Exchange Wednesday.

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UPDATED: 22 Dec 2023, 5:45 am

The opening date of The 13 hotel in Coloane has once again be delayed, this time from March 31 to April 30 “or before”, The 13 Holdings said in a statement to the Hong Kong Stock Exchange Wednesday.

The statement said that more time was needed to prepare for the opening and due diligence matters involving Greater China Appraisal Limited.

The statement also said that the hotel would open with or without a casino on its premises, reaffirming that the company would require the local government’s authorization for running gaming facilities in the hotel.

The 13 Holdings insisted, however, that it was still its intention to having a casino at The 13, even though it admitted that it was “uncertain” whether the government would allow the opening of a casino at the hotel.

The company incorporated in Bermuda and listed in Hong Kong is understood to have been in talks with at least one of Macau’s six gaming operators about opening a casino at The 13.

According to the Macau Post Daily, the 13 Holdings has reportedly faced a raft of financial issues over the past few years. It is reported be attempting to raise some HK@2 billion. The opening of The 13 has been successively postponed since last year.

The company headed by Hong Kong businessman Stephen Hung describes The 13 as an “ultra-luxury” hospitality development.

UPDATED: 22 Dec 2023, 5:45 am

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