• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Success Universe 2019 profit to rise at least 30pct

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck  


Success Universe 2019 profit to rise at least 30pct

Macau casino investor Success Universe Group Ltd says it expects its consolidated profit for full-year 2019 to increase by “around 30 percent to 40 percent,” compared to the prior year. The company told the Hong Kong Stock Exchange on Wednesday that it based that expectation on the increase in the group’s share of profit from its investment in a casino hotel in Macau.

The company made a profit of about HKD54.2 million (US$7.0 million) for the whole of 2018.

The Ponte 16 casino hotel (pictured) is located on the Macau peninsula and is operated under a joint venture between Success Universe and Macau casino operator SJM Holdings Ltd.

In Wednesday’s filing, Success Universe said the expected increase in profit was “notwithstanding the decrease in fair value gain on the group’s investment properties as well as the write-down of carrying amount of the group’s stock of properties.”

It added: “The increase in the unaudited consolidated profit of the group for the year ended 31 December 2019 was mainly attributable to the increase in the group’s share of profit of theassociates relating to Ponte 16.”

Success Universe told the stock exchange that it expected to issue its results for full-year 2019 later this month.

The company reported last August a 232.3-percent increase year-on-year, in first-half profit, to HKD48.7 million. The group – which also operates travel and property investment businesses – saw revenue rise 38.6 percent, to HKD663.2 million.


  • tweet
Related articles
  • SJM confirms new US$2.4bln loan facility
    SJM confirms new US$2.4bln loan

    Jun 24, 2022  

  • Macau ops sign contract extension, eye fresh public tender
    Macau ops sign contract extension, eye...

    Jun 23, 2022  

More news
  • Maybe new Macau mass Covid test, community spread still
    Maybe new Macau mass Covid test,...

    Jun 24, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  


Latest News

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

It is likely that Macau will shortly have a third round of citywide centre-based Covid-19 testing in little more than a week, after the results so far of a second mass test – that was due to finish...
Read More
Blackstone clinches US$6.15bln takeover of Crown Resorts

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022  

Jeju still studying online gaming for its casinos: govt

Jeju still studying online gaming for its casinos: govt

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Okada Manila control dispute back in court: UniversalOkada Manila control dispute back in court: Universal June 22, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
  • Macau gaming ops contract rollover signed today: CEMacau gaming ops contract rollover signed today: CE June 23, 2022
  • Macau shuts leisure sites amid Covid, casinos can still runMacau shuts leisure sites amid Covid, casinos can still run June 23, 2022
  • Claimed US$3.5mln scam on Chinese, Daegu Casino: reportsClaimed US$3.5mln scam on Chinese, Daegu Casino: reports June 22, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us