• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau’s Louis XIII shifts language on launch date

Jul 09, 2015 Newsdesk Latest News, Macau, Top of the deck  


Macau’s Louis XIII shifts language on launch date

Hong Kong-listed Louis XIII Holdings Ltd has modified slightly the language it is using to talk about an opening date for its under-construction Macau casino hotel Louis XIII (pictured).

In its annual report for 2015, filed on Thursday, the firm referred to “when it opens in mid-2016”. At a Daiwa Securities Group Inc investor conference in April, the company mentioned the specific date of July 1, 2016, adding that would be possible because construction was slightly ahead of schedule.

Under share options granted in July 2013 to eight directors of the firm, the second tranche will vest when the project is topped out, with the third tranche vesting once the hotel opens, said the annual report.

The share option scheme entitles each of the named directors to subscribe for shares of the company at an exercise price of HKD6.80 (US$0.877) per share. Louis XIII Holdings’ stock closed at HKD2.63 per unit in Hong Kong trading on Thursday, although that was a gain of 7.35 percent on the day, following Wednesday’s general rout of China-related shares.

The annual report also confirmed that L’Ambroisie, a restaurant in Paris that has held three Michelin stars since 1988, would open its only other property in the Louis XIII hotel complex.

“With only approximately 38 seats, the critically acclaimed Paris restaurant is one of the most sought after reservations in the world,” said the casino hotel’s developer in its latest filing.

Louis XIII – described in November 2014 as a US$1.1-billion project – plans to charge as much as HKD1 million per night for its most luxurious accommodation, said a note on June 26 from Japanese brokerage Nomura.

Louis XIII Holdings has not so far disclosed which of Macau’s six gaming concession holders will supply the gaming licence for the property.


  • 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
  • Covid entry tests for mainlanders to Macau, except Zhuhai
    Covid entry tests for mainlanders to...

    Aug 09, 2022  

  • SOFTSWISS affiliate platform Affilka opts for cost-per-lead
    SOFTSWISS affiliate platform Affilka...

    Aug 09, 2022  


Latest News

Covid entry tests for mainlanders to Macau, except Zhuhai

Covid entry tests for mainlanders to Macau, except Zhuhai

Aug 09, 2022  

Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Read More
SOFTSWISS affiliate platform Affilka opts for cost-per-lead

SOFTSWISS affiliate platform Affilka opts for cost-per-lead

Aug 09, 2022  

SOFTSWISS Sportsbook offering iFrame function

SOFTSWISS Sportsbook offering iFrame function

Aug 09, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”

David Green

Gaming and governance consultant at Newpage Consulting



Most Popular

  • More biz from foreigners hard for Macau casinos say expertsMore biz from foreigners hard for Macau casinos say experts August 8, 2022
  • Court tells Philippine AML body end bank heist cash freezeCourt tells Philippine AML body end bank heist cash freeze August 8, 2022
  • Bloomberry 2Q net income more than doubles q-o-qBloomberry 2Q net income more than doubles q-o-q August 8, 2022
  • Microchip lack felt by slot makers says MGEMA boss ChunMicrochip lack felt by slot makers says MGEMA boss Chun August 5, 2022
  • Japanese get visa-free S.Korea entry for August: reportJapanese get visa-free S.Korea entry for August: report August 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us