November 24, 2014

Louis XIII to open middle 2016

Louis XIII Holdings Ltd which is building a $1.1 billion casino-hotel in Cotai will be ready to open in the middle of 2016 says the company.

Casino Louis XIII will operate 66 gaming tables (50 premium mass and 16 VIP) according to previous regulatory filings. It will do so under a so-called ‘service agreement’ with an existing Macau concessionaire or sub-concessionaire, although the identity of the licence provider has not so far been confirmed by the company.

The owner is entrepreneur Stephen Hung who named the new resort after the French king who started building the famed Palace of Versailles, the resort will have over 65,000-square foot (6,039-sq metre), with villas billed as the world’s “most extravagant” hotel suite that will reportedly cost $130,000 a night.

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