Stephen Hung (born 1959, ) is a Hong Kong businessman. He was the joint chairman of Hong Kong-listed ''The 13 Holdings Limited''. He is the chairman of The Taipan Investment Group and vice-chairman of Rio Entertainment Group, which operates the Rio Hotel & Casino in Macau.

Career

Hung was educated at Columbia University and the University of Southern California, where he earned a master's degree in business administration. Stephen

Operations

He later formed his own investment company. Hung has also previously served as the Vice Chairman of eSun Holdings and as a non-executive director of

Lippo Group Lippo Group is an Indonesian multinational conglomerate company. The company operates internationally providing property development and management services. It was founded by Mochtar Riady. Lippo has a collective presence across Asia and Nor ...

's AcrossAsia Limited. In 2013 he set about developing a luxury casino-resort in Macau, under the name Louis XIII, with the help of Princess Tania de Bourbon Parme. By 2017, the project was lavishly built and under a new name 'The 13', but was in financial difficulties, having neither opened nor been awarded a casino licence. Hung's main vehicle and the operating company for the project, 13 Holdings Limited, had targeted extremely wealthy officials and the business elite from the People's Republic of China. However, in 2014, Chinese Communist Party's

general secretary Secretary is a title often used in organizations to indicate a person having a certain amount of authority, power, or importance in the organization. Secretaries announce important events and communicate to the organization. The term is derived ...

Xi Jinping, in Macau for its 15th anniversary as an SAR, announced his government's displeasure at such ostentatious excess, as part of his crackdown on corruption, which severely impacted the project's ambitions. The company sold a 52 percent stake in its engineering subsidiary

Paul Y Engineering Paul may refer to: * Paul (given name), a given name (includes a list of people with that name) * Paul (surname), a list of people People Christianity *Paul the Apostle (AD c.5–c.64/65), also known as Saul of Tarsus or Saint Paul, early Chr ...

.Unlucky 13: What happened to Hong Kong billionaire Stephen Hung’s Macau casino dream?
SCMP, 10 Sept 2017

Family

Hung's parents were property agents.

References

Living people 1959 births Hong Kong businesspeople Columbia University alumni Marshall School of Business alumni {{HongKong-business-bio-stub