South Shore Holdings Limited winding up struggling subordinate worldcasinodirectory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcasinodirectory.com Daily Mail and Mail on Sunday newspapers.
Operator behind Macau’s luxury The 13 hotel has reportedly been served with a statutory demand for the immediate repayment of debt worth around $422.8 million.
May 21, 2021
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 end of March.
According to a report from Inside Asian Gaming, the move from Hong Kong-listed South Shore Holdings Limited came only a few hours after it requested that trading in its shares be suspended pending the official release of its latest annual financial results. The source detailed that the firm’s expected shortfall would uncomfortably join the $131.3 million loss it racked up for the preceding twelve-month period.