Beach club Tipsy Unicorn on Sentosa Island shuts down as court orders liquidation
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Beach club Tipsy Unicorn on Sentosa Island has closed following a court-ordered liquidation of its operator, Tipsy Bird, due to a debt of over SGD96,000 owed to United Overseas Bank. The High Court's decision on January 23 led to the repossession of the premises by Sentosa Development Corporation. Despite a recent promotional event, the club ceased operations on January 30. Tipsy Bird, incorporated in 2018, faced financial difficulties and controversies, including the death of its co-founder in 2023. Development costs for the club doubled to SGD6 million, raising concerns about financial risks.
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