Time Out says
Unlike the State Theatre in North Point, which was more of a premium experience, Fortuna Theatre was more akin to a local neighbourhood joint. Built in 1979 to serve residents from nearby Wah Fu public housing estate, the theatre had a 1,274 seat auditorium complete with balcony and stall seating. However, it was eventually split into two auditoriums during the 90s.
Ever since it shut its doors in 2000, things have been complicated for Fortuna Theatre – it sporadically reopened for a few days every year until 2005, when it was rebranded as the Hong Kong Opera House. A local businessman reportedly had the idea to stage transgender shows there and bus in tourists to see them. One thing led to another, and the theatre fully ceased operations in 2008. With the impending redevelopment of Wah Fu, the future of Fortuna Theatre is now even more uncertain.