Tagged south shore holdings limited

Continuing financial troubles for South Shore Holdings Limited

June 24, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Macau

The owner of Macau’s luxury The 13 hotel has reportedly applied to have its wholly-owned New Concordia Hotel Limited subsidiary placed into voluntary liquidation with paid-up assets of approximately $3,120. ...

South Shore Holdings Limited facing the prospect of being wound up

Adam Morgan

June 4, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Macau

The operator behind Macau’s luxury The 13 hotel has reportedly announced that it has been served with a statutory demand for the immediate repayment of an outstanding debt believed to be worth in the region of ...

Tough times continuing for South Shore Holdings Limited

Adam Morgan

May 21, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Macau

In Macau and the company behind the luxury The 13 hotel has reportedly issued a profit warning after informally revealing that it expects to record an around $122.3 million deficit for the twelve months to the ...

More misery for the owner of Macau’s luxury The 13 hotel

Adam Morgan

September 2, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and the company behind the luxury The 13 hotel has reportedly revealed that it has terminated negotiations that were to have seen it offload at least a 50% stake in the 200-room property. According ...

South Shore Holdings Limited investor calls special general meeting

Adam Morgan

May 22, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and the company behind the luxury The 13 hotel has reportedly revealed that it is set to hold a special general meeting so as to vote on a resolution that could well see one of its senior directors str...

Financial troubles continue for firm behind Macau’s The 13 hotel

Adam Morgan

April 7, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and one of the companies behind the luxury The 13 hotel has reportedly applied for a ‘standstill’ order so as to prevent its bank from calling in a loan worth just over $319.9 million and potentially l...

The 13 continues to rack up losses for South Shore Holdings Limited

Adam Morgan

November 27, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Macau

In Macau and the operator behind The 13 hotel has released its unaudited financial results for the six months to the end of September showing that its net loss had risen by 15% year-on-year to reach just over $...

Substantial stake in The 13 luxury hotel being offloaded by owner

Adam Morgan

October 17, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and one of the companies behind The 13 luxury hotel has reportedly agreed a trio of deals that are to see it offload a 50% shareholding in the property for a cash consideration worth approximately $95....

The 13 planning to offload controlling stake as casino plan is abandoned

Adam Morgan

August 6, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and the firm behind the $1.6 billion, The 13 hotel, has reportedly announced the signing of an agreement that could eventually see it offload a 60% stake in the luxury venue in exchange for a considera...

South Shore Holdings Limited records mounting annual debt

Adam Morgan

July 19, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Macau

The operator behind the $1.6 billion The 13 hotel, in Macau, has reportedly released its financial results for the twelve months to the end of March showing that its unaudited net loss had risen by in excess of...

Hard times for operator behind Macau’s luxury The 13 hotel

Adam Morgan

July 10, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Macau

In Macau and the operator behind the $1.6 billion The 13 hotel has reportedly warned investors that it anticipates recording a larger-than-anticipated loss for the twelve months to the end of March courtesy of ...

Blockchain-based casino project to be launched for Macau

Adam Morgan

October 22, 2018

Casino Sales, Cryptocurrency, Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships

Maltese investments firm, Wide Rich Global Company, is hoping to bring in up to $1 billion via a virtual currency initial coin offering (ICO) in order to establish the planet’s first blockchain-based casino gam...

The 13 receives hospitality licenses

Adam Morgan

August 17, 2018

Latest Casino and Gambling News, New Hotels, Macau

In Macau, the luxury The 13 hotel could reportedly begin welcoming its first guests by the end of the month after recently receiving permission from the Macao Government Tourism Office to start hospitality oper...

The 13 opening delayed until the end of June

Adam Morgan

March 28, 2018

Latest Casino and Gambling News, New Hotels, Macau

In Macau, the opening of The 13 luxury hotel has been delayed again after the firm behind the opulent property, The 13 Holdings Limited, reportedly stated that it now does not expect to begin welcoming guests t...

The 13 Holdings Limited to seek name-change permission

Adam Morgan

March 8, 2018

Latest Casino and Gambling News, New Hotels, Macau

The firm behind Macau’s coming The 13 luxury hotel has announced that it intends to ask shareholders for permission to change its official name from The 13 Holdings Limited to the less numerical South Shore Hol...