Soon, the flashing neon signs of four upscale KTV lounges in Havelock Road will go dark as the leases for their premises end this year.
Las Vegas De'Palace has already served its last drink on Friday, Shin Min Daily News reported yesterday. It had been in operation for about 10 years.
One of the owners, surnamed Tan, told the paper that the lease was not renewed. They have not found a large enough place to relocate to, but he is still looking.
"More than 300 regulars turned up for our last night. They will continue to support us if we re-open," Mr Tan said.
Sources said that the other three clubs there, Tiananmen KTV & Lounge, Golden Million and Club Infinitude, are likely to move too.
"The customers are all big bosses, now the economy is not booming and the business is not as good. The building may be developed into a hotel," a regular customer told Shin Min.
Clients of the clubs include the rich and famous, especially at the two-decade-old Tiananmen. Hong Kong celebrities Jackie Chan, Stephen Chow, Alan Tam and Eric Tsang can be counted among its patrons.
It is understood that about 400 hostesses work at the clubs.
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