The operator behind Macau’s luxury The 13 hotel has reportedly announced that it has been served with a statutory demand for the immediate repayment of an outstanding debt believed to be worth in the region of $422.8 million.

According to a report from Inside Asian Gaming, the order for Hong Kong-listed South Shore Holdings Limited comes only two weeks after the firm suspended the trading of its shares and revealed that it expects to record a deficit for the twelve months to the end of March of about $122.3 million. The source detailed that the company is now facing the real possibility of being wound up if it cannot fully repay disgruntled backer Wise Park Business Limited.

Admirable project:

South Shore Holdings Limited was previously know…