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    Reports Yokohama to start RFP in late January

    Yokohama publishes IR public tender requirements as lengthy RFP begins

    Growing visitation at Malaysian IR suggests worst is over for Genting Malaysia: RHB Research

    Genting Malaysia shuts Resorts World Genting as national COVID-19 restrictions expanded

    Macau registers first COVID-19 case since June in returning flight passenger

    Macau registers first COVID-19 case since June in returning flight passenger

    Analysts agree VIP sector woes to remain for years to come

    Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

    SJM reveals eco-friendly features of new Cotai IR

    SJM Holdings prices senior notes offer at US$1 billion

    Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

    The Londoner Macao to open first phase on 8 February

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        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

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        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

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            IGT launches new game for its strong performing Ying Cai Shen link

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            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

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              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

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                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

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                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

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                  Macau registers first COVID-19 case since June in returning flight passenger

                  Macau registers first COVID-19 case since June in returning flight passenger

                  Analysts agree VIP sector woes to remain for years to come

                  Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

                  SJM reveals eco-friendly features of new Cotai IR

                  SJM Holdings prices senior notes offer at US$1 billion

                  Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                  The Londoner Macao to open first phase on 8 February

                  IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

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                  The profound impact of Sheldon Adelson

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                    Reports Yokohama to start RFP in late January

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                    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                    Amax shareholders approve company name change, mobile games apps sale

                    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

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                      Reports Yokohama to start RFP in late January

                      Yokohama publishes IR public tender requirements as lengthy RFP begins

                      Growing visitation at Malaysian IR suggests worst is over for Genting Malaysia: RHB Research

                      Genting Malaysia shuts Resorts World Genting as national COVID-19 restrictions expanded

                      Macau registers first COVID-19 case since June in returning flight passenger

                      Macau registers first COVID-19 case since June in returning flight passenger

                      Analysts agree VIP sector woes to remain for years to come

                      Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

                      SJM reveals eco-friendly features of new Cotai IR

                      SJM Holdings prices senior notes offer at US$1 billion

                      Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                      The Londoner Macao to open first phase on 8 February

                      Trending Tags

                      • POWER 50
                        Power restored

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                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

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                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

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                        • NEWS
                          Reports Yokohama to start RFP in late January

                          Yokohama publishes IR public tender requirements as lengthy RFP begins

                          Growing visitation at Malaysian IR suggests worst is over for Genting Malaysia: RHB Research

                          Genting Malaysia shuts Resorts World Genting as national COVID-19 restrictions expanded

                          Macau registers first COVID-19 case since June in returning flight passenger

                          Macau registers first COVID-19 case since June in returning flight passenger

                          Analysts agree VIP sector woes to remain for years to come

                          Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

                          SJM reveals eco-friendly features of new Cotai IR

                          SJM Holdings prices senior notes offer at US$1 billion

                          Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                          The Londoner Macao to open first phase on 8 February

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS
                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Trending Tags

                                • TECH TALK
                                  Creation theory

                                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Trending Tags

                                  • iGAMING
                                    Live-games integration as an effective marketing tool for increasing bets

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    Trending Tags

                                    • EVENTS
                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      Trending Tags

                                      • MACAU
                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Analysts agree VIP sector woes to remain for years to come

                                        Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

                                        SJM reveals eco-friendly features of new Cotai IR

                                        SJM Holdings prices senior notes offer at US$1 billion

                                        Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                        The Londoner Macao to open first phase on 8 February

                                        IHG and Sands China Ltd announce InterContinental Alliance Resorts partnership

                                        Sands China announces discretionary allowance for 99% of employees

                                        The profound impact of Sheldon Adelson

                                        The profound impact of Sheldon Adelson

                                        Trending Tags

                                        • JAPAN
                                          Reports Yokohama to start RFP in late January

                                          Yokohama publishes IR public tender requirements as lengthy RFP begins

                                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                          Amax shareholders approve company name change, mobile games apps sale

                                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Creation theory

                                          Sega Sammy Creation aiming for “maximum fortune” in 2021

                                          2021: Japan IR – Crunch time

                                          Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
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                                            Reports Yokohama to start RFP in late January

                                            Yokohama publishes IR public tender requirements as lengthy RFP begins

                                            Growing visitation at Malaysian IR suggests worst is over for Genting Malaysia: RHB Research

                                            Genting Malaysia shuts Resorts World Genting as national COVID-19 restrictions expanded

                                            Macau registers first COVID-19 case since June in returning flight passenger

                                            Macau registers first COVID-19 case since June in returning flight passenger

                                            Analysts agree VIP sector woes to remain for years to come

                                            Macau authorities add seven day “self-health management” requirement to 21-day hotel quarantine period

                                            SJM reveals eco-friendly features of new Cotai IR

                                            SJM Holdings prices senior notes offer at US$1 billion

                                            Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                            The Londoner Macao to open first phase on 8 February

                                            Trending Tags

                                            • POWER 50
                                              Power restored

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                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                                              South Shore confirms sale of 50% stake in THE 13 to trio of Hong Kong companies

                                              Newsdesk by Newsdesk
                                              Monday 4 November 2019 at 15:01
                                              South Shore Holdings issues profit warning over THE 13

                                              THE 13 Hotel

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                                              South Shore Holdings Ltd has revealed it will offload a 50% stake in embattled Macau hotel THE 13 for HK$750 million after reaching an agreement with three buyers.

                                              The news comes three weeks after South Shore said it was selling a 40% stake to “an associate of a substantial shareholder” with the option to acquire another 10%.

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                                              Friday 1 January 2021 at 12:55
                                              Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                              Sands China confirms The Londoner Macao to hold opening ceremony in “early February 2021”

                                              Wednesday 16 December 2020 at 04:26
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                                              That associate has now been revealed as Fine Intellect Ltd – a wholly-owned subsidiary of ITC Properties Group, which holds a 10.48% stake in South Shore. Under the terms of a Sale and Purchase Agreement signed on 14 October 2019, Fine Intellect Ltd and another company, All Fame Developments Ltd, will each acquire a 20% stake in Uni-Dragon Ltd, the South Shore subsidiary that controls THE 13, for HK$300 million each.

                                              A second Sale and Purchase Agreement signed on 15 October 2019 will see a firm called Ease Link Investments Ltd acquire the remaining 10% for HK$150 million.

                                              South Shore subsidiary Falloncroft Investments Ltd will retain a 50% interest in Uni-Dragon, however Fine Intellect has an option to purchase another 30% stake at any time in the next two years. South Shore said that, as part of the deal, Uni-Dragon will no longer be considered a subsidiary of the company and its financial results will no longer be consolidated into the financial statements of the group.

                                              Located south of the Cotai Strip, THE 13 Hotel opened on 31 August 2018 following a series of delays due to funding problems, but the company recently revealed an average occupancy rate of just 8% through 30 June 2019. A number of rooms also remain unfinished.

                                              Originally envisioned as an uber-luxury casino-hotel, THE 13 has space for 66 gaming tables but has yet to apply for their use under a potential “service agreement” arrangement it previously reached with Macau concessionaire Melco Resorts and Entertainment. Macau’s service agreements allow third party hospitality operators to have gaming in their properties under the license of one of the city’s six gaming licensees.

                                              Tags: CotaiFine Intellect LtdMacauSouth Shore HoldingsThe 13
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                                              Newsdesk

                                              The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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