It appears that there is more bad news for South Shore Holdings Ltd., as the company announced that their signature The 13 Hotel suffered heavier losses over the first half of this fiscal year than what was expected. This continues the woes of the resort casino, which has seen nothing but pitfalls occur since the project was first proposed.

According to the company, the loss over the six-month period that ended on September 30 reached HKD506.7 million ($64.7 million). That was a more than HKD60 million increase over the same period of time from 2018. The loss related to per basic and diluted shares also widened, going from HKD0.437 to HKD0.50 for each instance.

In a statement, the company explained that the internal loss from the hotel operations was amounting to “approximately HKD508 million” and was mainly due to finance costs for hotel operations, depreciation and amortization charges and other hotel operation costs recorded in the current period.”

The 13 Hotel has been an albatross of sorts for South Shore Holdings for years. In early November, the company sold off 50% of its holdings in the venue, as three companies joined to purchase the half interest in the resort. This helped the company to remove the suspension from the Hong Kong Stock Exchange that had been in effect for over two weeks as the stock price had been plummeting due to the financial struggles of the resort.