Even with The 13’s Rolls-Royce Phantoms that serve as guest shuttles, analysts speculate that it will be nearly impossible to lure the high-end segment to book a room with The 13 deprived of a casino. South Shore executives aren’t convinced.<\/p>\n
\nThe 13 has been focusing on repositioning the business and operational model without gaming. It is now poised to capitalize on its unique ultra-luxurious theme for the establishing of the brand and market penetration, with a view to boost occupancy and holding of special events in this financial year,” the report told investors.<\/p>\n<\/blockquote>\n
“The hotel market in Macau continues to growth steadily, but the overall external economic environment is still posing uncertainty. The US-China trade tension is expected to continue and raise uncertainty on the political and financial risks in short-term, but it still looks optimistic in the long-term,” the company concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 13 Macau south of the Cotai Strip in Coloane has cost its parent company nearly $65 million in operating expenses for the non-gaming resort over the last six months. South Shore Holdings Limited blamed the lack of a casino at the property as the reason for the financial struggle. In the company’s interim results […]<\/p>\n","protected":false},"author":25,"featured_media":120803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
The 13 Macau Loses $65M Over Last Six Months, Blames No Casino<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n