"The 13 Hotel" shattered dreams of 12.5 billion: Macau's most luxurious gamble ends in a fire sale, marking the end of the real estate and gambling myth?

The "The 13 Hotel," once known as the most luxurious hotel in Macau, was recently resold to local investors for only HK$600 million, shocking the industry. This price represents a drop of over 90% from its original construction cost of HK$12.5 billion (US$1.6 billion), marking it as a symbolic case

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