• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau Louis XIII on schedule for summer 2016 launch

Nov 10, 2015 Newsdesk Latest News, Macau, Top of the deck  


Macau Louis XIII on schedule for summer 2016 launch

Hong Kong-listed Louis XIII Holdings Ltd says its under-construction Macau boutique casino hotel is on schedule to open in the summer of next year.

“Construction is proceeding on schedule,” the firm stated in a Monday filing.

It added: “All concrete casting was completed by the end of August. The ‘inner skin’ curtain wall was largely completed in October 2015 and we have commenced interior works.”

During the six months ended September 30, the group also continued hiring staff members for several departments of the complex, the filing added. The property is to be named Louis XIII (pictured in an artist’s rendering), according to Louis XIII Holdings’ website.

The property, on the Cotai-Coloane border, is described in the latest filing as an “exclusive luxury hotel and entertainment complex”. There is no mention of the inclusion of gaming facilities.

Previous company information did mention plans for a casino at the property, but Louis XIII Holdings has made no mention in more recent releases of gaming facilities at the venue. Instead, the firm has focused on positioning Louis XIII as an ultra-luxury venue, with features including a by-invitation-only ‘haute couture’ atelier and a 38-seat L’Ambroisie restaurant. L’Ambroisie in Paris has held three Michelin stars since 1988.

Louis XIII Holdings would need to utilise the casino rights of one of Macau’s six gaming concession holders in order to operate gambling at the property. It has not publicly named a gaming partner so far.

The firm did note in its latest filing that Macau is facing a sharp decline in gross gaming revenue – a year-on-year decrease of 36.2 percent in the first nine months of 2015. “Despite the anticipated volatile market conditions, the company feels that its niche strategy of targeting a global clientele of high net worth customers seeking a unique luxury experience is well positioned to compete in a slow market,” it stated.


  • tweet
Related articles
  • Macau’s The 13 Hotel open for business: firm
    Macau’s The 13 Hotel open for...

    Aug 31, 2018  

  • Macau’s The 13 on track for 1Q2017 opening
    Macau’s The 13 on track for 1Q2017...

    Dec 12, 2016  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us