Saturday, August 13, 2022

South Shore sells iconic Rolls Royce fleet

South Shore Holdings Limited, owner of the luxury Macau hotel The 13 has disposed of 24 of their customized Rolls Royce vehicles in an effort to pay down the group’s outstanding bank loans. 

The fleet of bright red Rolls Royces Phantoms represented the single largest commission in Rolls-Royce history and was an icon of the casino operator’s lofty ambitions for Macau. 

The vehicles will be sold for an aggregate consideration of HK$24 million (US$3.1 million).

Earlier this year South Shore Holdings says it has entered a non-binding memorandum of understanding for an investment of as much as HK$1.5 billion to cut debt at its luxury hotel in Macau, The 13.

The MOU expiry date has since extended a number of times since, to give both parties more time for negotiation.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief