Success Universe flags 1H profit, first since 2014
Macau casino investor Success Universe Group Ltd says it expects to record a profit for the first half of 2018, compared to a loss in the equivalent period a year earlier.
The group most recently made a first-half profit in 2014.
Success Universe is a venture partner – alongside a unit of gaming operator SJM Holdings Ltd – in casino hotel Ponte 16 (pictured), located on the Macau peninsula, which operates under SJM Holdings’ gaming licence.
The trading improvement for Success Universe – based on the unaudited accounts for the six months to June 30 – was “mainly attributable to the increase in fair value gain on investment properties of the group; and the group’s share of profit of the associates relating to Ponte 16,” the group said in a Monday filing to the Hong Kong Stock Exchange.
In first-half 2017, Success Universe had posted a net loss of approximately HKD21.1 million (US$2.7 million). That had been a 67-percent widening of the HKD12.6-million deficit posted in the first six months of 2016.
Interviews
-
Still time for my son to help family: Kazuo Okada A key to entrepreneur Kazuo Okada reasserting control over... -
Universal Ent cannot survive without my vision: Okada Entrepreneur Kazuo Okada (pictured) has told GGRAsia that... -
Widus CEO looks to IPO, fresh expansion in the Philippines The operator of the Widus Hotel and Casino at Clark... -
Cambodia ripe for global casino brand: GMA’s Klebanow Cambodia has some attributes that make it potentially... -
IGT gaining traction in Asia Pacific: Walter Bugno Global gaming supplier International Game Technology Plc...
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Macau casino demand bounces back post typhoon: Nomura September 21, 2018 
Chinese authorities bust online gambling ring September 21, 2018 
Eric Persson quits Aruze to focus on own business September 21, 2018 
600 smoking lounge requests expected, 233 in: Macau govt September 24, 2018