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The 13 Ultra-Luxury Resort Close to Completion

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Stephen Hung, the successful businessman in Hong Kong, is about to complete his AU$1.3 billion resort called The 13.

The 13 Ultra-Luxury Resort Close to Completion.

The director of MGTO (Macau Government Tourism Office), Maria Helena de Senna Fernandes reported that the agency is now ready to inspect The 13 once an official request has been filed.  Senna made a report to GGRAsia stating that all the necessary paperwork is available. They are only waiting for the owner to apply for an official site impaction. After that, they will gladly issue the hotel license.

The 13 – Brief Background

However, news that this ultra-luxury hotel is only a couple of days away from its completion is something that might come as a surprise to most people. This is because a few months back, reports surfaced that stated how Hung was deep in debt and desperate for cash. The reports additionally indicated that he had missed a few opening deadlines.

The number  13 is known as the actual lucky number in the Chinese culture, regardless of its doomed implications in the USA.  In 2013, online casinos in Macau hit a record of CAD$45 billion.

Touring companies folded and high-stake private rooms became available. The gaming income went down over the following three years to CA$28 billion. With only a few millionaires descending in the online casino business, Hung’s indulgence became less attractive to the investors. But this did not stop the ambitious entrepreneur from moving up the ladder!

As a result of the pressure that was coming from the creditors, pushing Hung to open the hotel already; Hung decided to sell 52% of his stake to get funds quickly. This deal delivered AU$38.4 million into Hung’s account. Because of this deal, the hotel will be opening soon; although the dates are yet to be confirmed.

Overview

The rooms at the resort will be at least AUD$1 500 per night, and the chances are high that a high roller casino will be added onto the premises. The initial hotel plans include a casino. However, The 13 currently hasn’t come to an agreement with any of the casino operators in Macau.

This means that Australian players that travel all the way to Macau can still manage to play their desired casino games at this luxurious hotel. We at Casino Australia will do all we can to keep players updated on the matter.