The restaurant business is very difficult with a lot of competition. It’s hard to stay afloat.
I have eaten on it twice. That was some Amazing food.
Opened in 1976 by the late casino tycoon Stanley Ho, in its glory days it embodied the height of luxury, reportedly costing more than HK$30 million (US$3.8 million) to build. The 76m vessel could house 2,300 diners.
It was also featured in several films - including Steven Soderbergh's Contagion, about a deadly global pandemic.
Melco said last month the business had not been profitable since 2013 and cumulative losses had exceeded HK$100 million.
It was still costing millions in maintenance fees every year and about a dozen businesses and organisations had declined an invitation to take it over at no charge, Melco added.