The party's over: Hong Kong's biggest nightspot Beijing Club closes after months of losing money

Beijing Club, Hong Kong’s biggest nightspot, has closed its doors after several months of losses.

The club, spread over 12,000 square feet on three floors in the Wellington Plaza entertainment complex in Lan Kwai Fong, opened in 2007 and had often boasted of its extravagant decor, which included gold-gilded toilets and crystal decorations imported from Austria.

Parent company the Magnum Entertainment Group – which also operates the Central nightclubs Magnum, Zentral and Dizzi – announced the closure in a statement on Tuesday.

“In light of the loss-making performance of Beijing Club notwithstanding management’s effort to turn around the business, to focus available resources on the other clubs of the group and to save future rental expenses, the board of directors of the company announces that the group will not seek to renew the tenancy for the premises of Beijing Club upon its expiry” in February next year.

The company said the remaining months of the tenancy would be spent restoring the property to its original condition before returning it to the landlord. 

The Magnum Entertainment Group also operates the Central nightclubs Magnum, Zentral and Dizzi.