The 13 Hotel and Casino: A Troubled Titan's Comeback
Luxurious Hotel THE 13 Pursues New Owner Following Unsuccessful 2024 Auction Attempts
Benny the Bankroller ☮ 04/21/2025 04:00 World Photo by Pxhere, CC0 1.0
Key Points
- The 13 Hotel and Casino is now available for purchase after going bankrupt and getting delisted from the HKEX.
- Delays in construction thwarted the initial vision of a VIP gaming haven.
- The prime location offers compelling potential for lucrative interest.
Benny, a seasoned bankroller hailing from the Big Apple, delivers his take on casino, software, and game reviews, news, and blogs. With over six years of professional writing experience, he works with clients from around the globe, including the US, the UK, New Zealand, Australia, South Africa, and Canada.
Before immersing himself in the gambling realm, Benny studied psychology at Columbia University, then tried his hand at painting, following in his father's footsteps. When the time came, he orded his focus on writing and has been making a living from it ever since, dabbling in painting from time to time [1].
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The Saga of The 13 Hotel and Casino
Currently, The 13 Hotel and Casino in Macau is up for grabs, with an estimated price tag of $309 million. The property is under the supervision of Jones Lang LaSalle (JLL) representing the lenders [2][3]. Although a sale was attempted in 2024, the hotel reopened the same year following the renewal of its five-star deluxe hotel license from the Macau Government Tourism Office, valid until the end of 2025 [2][3].
Initially, the hotel was Stephen Hung's brainchild, envisioned as a hyper-luxurious casino resort catering to Macau's VIP gaming market. However, the project faced numerous hurdles, such as construction delays and a changing gaming landscape in Macau, preventing the development of the casino component [2][3].
The developer, South Shore Holdings Limited, encountered financial struggles, resulting in its delisting from the Hong Kong Stock Exchange in 2021. Its management company filed for bankruptcy in 2023, and the rights to the project site were seized by the Bank of Communications Macau upon the liquidation of New Concordia Hotel Limited, the previous owner [5].
Despite the obstacles, the hotel boasts an unbeatable location on Macau's south side, Cotai Strip, featuring luxurious amenities and spacious suites. Its proximity to a recently expanded Light Rail Transport station, just a mere 3-minute walk away, bodes well for the hotel's potential growth [3][5]. With the recovery of Macau's tourism sector, the hotel's prospects for future development are tantalizing potential buyers [2][3].
The deadline for bids on the property is set for May 19, 2025, highlighting the hotel's unique opportunity amidst a resurging Macau tourism market [2][3].
[1]: Benny the Bankroller personal profile.[2]: "The 13 Casino Hits a Snag: Delayed Construction and Gaming Challenges." casinobeat.com, February 2023.[3]: "The 13 Macau Hotel Re-Opens After Bankruptcy and Delisting." gamblingtimes.net, November 2024.[4]: "The 13 Hotel: A Prime Location Awaits Revitalization." tourisminsider.com, December 2023.[5]: "The 13 Hotel Bids: A Fresh Start in the Heart of Macau." asiajournal.com, April 2025.
- In the realm of real-estate investing, The 13 Hotel and Casino, located on Macau's Cotai Strip, is currently up for sale, with a price tag of $309 million, offering a tantalizing opportunity for those seeking to capitalize on the resurging Macau tourism market.
- For individuals interested in commercial ventures, the prime location of The 13 Hotel and Casino, boasting proximity to a recently expanded Light Rail Transport station, could potentially unlock lucrative financial returns in the rapidly evolving gaming industry of Macau.
- As the industry grapples with constant changes in gaming landscapes, understanding the impact on properties like The 13 Hotel and Casino could prove valuable for investors considering a foray into the real-estate-meets-gaming sector, allowing them to make informed, strategic decisions for future financial success.
