Macao luxury hotel's investors fold as bold bet goes sour

Liquidation vote for 'The 13' comes as returning Chinese spark recovery for casino hub

20201204 The 13 Hotel

The 200 suites in The 13 Hotel, originally billed to be the world's most luxurious, cost an average of $7 million each to construct.  © Getty Images

ZACH COLEMAN, Nikkei Asia deputy editor

HONG KONG -- Thirteen was supposed to be Stephen Hung's lucky number.

The flamboyant former investment banker persuaded a Canadian teachers' pension fund and other investors to back a bold $1.4 billion vision for Macao: the world's most luxurious hotel.

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