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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

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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