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Travel & Leisure

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

ZACH COLEMAN, Nikkei Asia deputy editor | Macao

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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