In Macau, The 13 Holdings Limited has reportedly announced that its coming $1.4 billion The 13 luxury hotel is on track to open during “the first quarter of 2017” with the firm already having hired more than 300 staff for the property in the Coloane district.
According to a report from GGRAsia, the hotel operator, which was previously known as Louis XIII Holdings Limited, had previously revealed that the venue would open in late-summer before explaining in September that this date had been pushed back to “early 2017”.
“The 13 is nearing completion and now undergoing the process of various government inspections and we expect to open in the first quarter of 2017,” read a statement from Stephen Hung and Peter Lee Coker, Co-Chairmen of The 13 Holdings Limited, filed with the Hong Kong Stock Exchange on Sunday.
GGRAsia also reported that the city’s Gaming Inspection And Coordination Bureau regulator had not yet received a request for a gambling license for The 13 with Lionel Leong Vai Tac, Economy And Finance Secretary for Macau, explaining last month that there are no legal restrictions to the operation of a casino on the 65,000 sq ft site.
“As of now, we have not yet received from any one of the gaming concessionaires a request to open a new casino in The 13 hotel location,” read a statement from the Gaming Inspection And Coordination Bureau published by GGRAsia.
November saw The 13 Holdings Limited declare that The 13 is set to be one of the world’s most expensive hotels-per-key ever constructed generating “strong cash flows for the benefit of all shareholders” in due course. The operator moreover stated that the value of the property had swelled by $137.29 million since the start of the year and that it had drawn about $388.92 million from a six-year loan with a $392.53 million facility issued by a mainland China bank.