Jun 22, 2015 Newsdesk Latest News, Macau, Top of the deck  
Hong Kong-listed Louis XIII Holdings Ltd, developer of a casino hotel on the Cotai-Coloane border in Macau, slimmed its loss by HKD30 million (US$3.9 million) or 41 percent, to HKD29.88 million in the year ending March 31.
The loss per basic and diluted share was HKD0.055, narrowing by 57 percent in each case the per share loss of the prior-year period.
In April the management said it planned to open its new boutique casino property on July 1, 2016, as construction was slightly ahead of schedule. In November the scheme was described as a US$1.1 billion project.
Louis XIII had said in previous filings it would operate 66 gaming tables – 50 premium mass and 16 VIP. The developer has not yet mentioned which Macau casino operator it would rely on for its gaming licence. Any gaming at the venue would operate under what is known in Macau as a service agreement, using the rights of one of the existing six casino concessionaires.
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The deployment of a “smart table” product – combining the use of radio frequency identification (RFID) technology and cameras gathering data for analysis via artificial intelligence (AI) –...(Click here for more)
”Once Solaire North is fully ramped up, and both properties are generating a certain expectation that we have on cash flow… then we will probably launch the Paniman [casino] project”
Enrique Razon
Chairman and chief executive of Bloomberry Resorts