the hotel will struggle<\/a> to attract the type of wealthy guest it seeks.<\/p>\n“If the property operates as a standalone hotel, it may be difficult to justify room rates to match its high-end focus,” she explained. “Without a casino, it would be nearly impossible to have gamblers book rooms separately with them.”<\/p>\n
Chan said his office has yet to receive an application from The 13, nor is he aware that the resort is in discussions with any of the six licensed operators to form a satellite pact.<\/p>\n
Investors in Hung’s stock that was used to develop The 13 have seen their capital disappear. Traded on the Hong Kong Stock Exchange, each share of The 13 Holdings is today worth HKD0.37. In US dollars, ahem cents, that converts to a nickel.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 13, an ultra-luxury resort concept from flamboyant Hong Kong businessman Stephen Hung, has ran up a construction tab of over $1.6 billion. The much-delayed 200 all-villa hotel located south of the Cotai Strip in Coloane Village is finally slated to open in March, but when it does, the property presumably won’t have a casino. […]<\/p>\n","protected":false},"author":42,"featured_media":63166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"\n
The 13 Still Hasn't Submitted Gaming Application, Permits Running Low<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n