A hotel representative confirmed that the gold used as decorative flooring in the main lobby has been fully removed and sold, generating about US$12.8 million, British newspaper The Guardian reported.
Opened in 2006, the Grand Emperor Hotel is known for its lavish interiors, including a signature "golden walkway" paved with dozens of real gold bars.
The Grand Emperor Hotel has positioned itself as a benchmark for European-style luxury in central Macau, offering more than 300 upscale guest rooms, restaurants and bars, and concierge services. The hotel has received numerous industry awards.
The hotel’s Hong Kong-based parent company, Emperor Entertainment Hotel Ltd, said in a filing on Wednesday that while the gold bullion helped create a "sumptuous and resplendent atmosphere," prevailing market conditions presented a "good opportunity" to remove and sell it.
The group said it sold 79 kg of gold bricks to a Hong Kong-based refiner.
Gold rebounded on Friday and was set for a weekly gain of about 2%.