Struggling Macau luxury hotel project The 13 Holdings is hoping to attract fresh investment by announcing plans to launch casino gaming operations next year.

On Sunday, The 13 Holdings Ltd informed the Hong Kong Stock Exchange that it now plans to launch casino and retail shopping operations at its in-development luxury hotel project of the same name no earlier than March 31, 2019.

The announcement came as the company announced plans to raise additional capital via a new rights issue. The company says it needs an additional HK$973m (US$124.4m) to complete the unfinished hotel, which has undergone numerous financial setbacks over the past year.

Conceived as the ultimate gambling hideaway for the Asia-Pacific region’s über-wealthy during the Macau casino market’s pre-2014 heyday, the property’s raison d’être looked increasingly dubious after China began cracking down on corruption and on capital flow to Macau casinos.