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casino 7 feathersThe next phase will be on 4.1 acres and will add the remaining 650 rooms.The slide deck with details about Crystal Pavilion does not mention gaming space on the property and that could be by design. The parent company is warning shareholders to prepare for the worst. Trading will remain suspended as the company works to finalize its fiscal year-end statement.South Shore disposed of its 51.76 percent interest in Paul Y. black oak casino expansion(Image: The 13)In filings made this week with the Hong Kong Stock Exchange, parent company South Shore Holdings reveals it again lost more money in its latest fiscal year than in the previous one.“The company expects to make an impairment of approximately HKD4.7 billion (0 million) on the carrying amount of assets under the hotel segment in its financial statements for the year,” the filing declared.Investopedia explains, “Impairment is an accounting principle that describes a permanent reduction in the value of a company’s asset, normally a fixed asset.”The 13 opened in September without the casino most gaming analysts believe it desperately needs to attract the type of wealthy cangel of the winds casino agelientele the 201-room all-villa property desires.Company OutlookTrading of South Shore Holdings was stopped on June 28. The red hotel is a towering reminder of the days when the VIP was fueling the gaming industry in the world’s richest gambling hub. The stock closed that day at HKD0.22, which is just shy of a measly three pennies. turtle lake casino bus schedule

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