Macau’s new casino is delayed

The government set a crackdown on Cotai. Credits: sharesinv.com
The government set a crackdown on Cotai. Credits: sharesinv.com

Macau’s new gaming venue – named The 13 Casino – will be delayed by a few months.

Macau.- The operators of future new Macau casino – South Shore Holdings Ltd. (formerly known as 13 Holdings Ltd) – have announced another delay for the gaming venue in the Asian casino capital. Originally, the casino was expected to open its doors by April this year. However, the project was first delayed to June 30th and has now been delayed even further.

According to the Macao Government Tourism Office, which spoke in an interview with the local newspaper GGRAsia, “there are still unfinished works inside the hotel, so the hotel applicant needs to apply for reinsertion once they are completed.” This means that the company is not able to begin casino operations.

Not only has the project had financial setbacks, but it also saw founder Stephen Hung walk away earlier this year, resigning all his positions and selling his related holdings. This added up to uncertainty around the casino licence being awarded by Macau authorities.

The casino is expected to house 66 gaming tables with minimum bets set at a comparatively high level and around 50 high-limit slot machines. However, it’s yet to be seen if the development will get what it needs to finally be completed and open.

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