• 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 slips into red in first half

Aug 31, 2015 Newsdesk Latest News, Macau, Top of the deck  


Success Universe slips into red in first half

Macau casino investor Success Universe Group Ltd posted a net loss of HKD1.9 million (US$245,161) for the six months to June 30, compared to a profit of HKD47.7 million in the prior-year period.

Turnover from continuing operations declined by 13 percent year-on-year to approximately HKD595.6 million, the firm said in a filing to the Hong Kong Stock Exchange on Friday.

Success Universe is a joint venture partner – alongside a unit of gaming operator SJM Holdings Ltd – in casino hotel Ponte 16 (pictured), located on the Macau Peninsula. The company’s shared profit relating to Ponte 16 amounted to about HKD15.3 million in the first half of 2015, down 73 percent from a year earlier. The property’s adjusted earnings before interest, taxation, depreciation and amortisation fell by 40 percent year-on-year to HKD155.4 million.

As at June 30, the casino at Ponte 16 had 108 gaming tables, consisting of 92 mass gaming tables, nine high-limit tables and seven VIP tables, according to the latest filing.

Success Universe said the decline in results was attributable to the contraction of the Macau gaming sector and the “voluntary and temporary suspension of the paperless lottery sales agency services” in mainland China.

On April 3, eight Chinese central government agencies issued a joint public announcement ordering the suspension of online sales of lottery tickets. There is still no official word on when the temporary suspension of online lottery sales will be lifted.

Prior to that suspension, turnover of the company’s lottery business had risen 4 percent year-on-year to approximately HKD70.1 million, Success Universe said. The firm however reported a loss of HKD5.1 million for the lottery segment in the six months to June 30, compared to a profit of HKD7.8 million a year earlier.

“The group will closely monitor the development and wait for [a] further announcement on the resumption date of paperless lottery sales from the Chinese government authorities,” the company said.

In Friday’s filing, Success Universe said it had started to see signs of stabilisation in the gaming business in Macau in the beginning of the second half of 2015.

“With China’s supportive policies on Macau’s industry fundamentals, the group believes that the structural changes towards mass market gaming industry and the change in the composition of tourists will sustain [Macau] in a longer term,” the firm said.

“Ponte 16 will continue to implement effective strategies to capture such market trend[s], including the introduction of live multi game terminals to provide new gaming excitement to players,” it added.


  • tweet
Related articles
  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parent
    Ben Toh COO of SJM Resorts, Christopher...

    Dec 06, 2023  

  • Emperor Ent back in black with US$1.5mln interim profit
    Emperor Ent back in black with...

    Nov 29, 2023  

More news
  • Star Sydney has 6mths to regain licence, risks closure: report
    Star Sydney has 6mths to regain...

    Dec 06, 2023  

  • Lessons from NSW cashless gaming trial: Aristocrat CEO
    Lessons from NSW cashless gaming trial:...

    Dec 06, 2023  


Latest News

Star Sydney has 6mths to regain licence, risks closure: report

Star Sydney has 6mths to regain licence, risks closure: report

Dec 06, 2023  

Australian casino operator The Star Entertainment Group Ltd has been given a “six-month deadline” to regain the licence for its flagship Sydney casino, or face the possibility...
Read More
Lessons from NSW cashless gaming trial: Aristocrat CEO

Lessons from NSW cashless gaming trial: Aristocrat CEO

Dec 06, 2023  

South Korea key source of Vietnam tourists Jan-Nov

South Korea key source of Vietnam tourists Jan-Nov

Dec 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$250 million

Las Vegas Sands intends to pay to increase its shareholding in Macau casino operator Sands China by nearly 1.2 percent



Most Popular

  • Sands China ties to China’s Tencent Video, Maoyan EntSands China ties to China’s Tencent Video, Maoyan Ent December 4, 2023
  • Room for Macau casino industry top-line growth: CitiRoom for Macau casino industry top-line growth: Citi December 4, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parentBen Toh COO of SJM Resorts, Christopher Ip CFO at parent December 6, 2023
  • LVS to pay up to US$250mln to boost control in Sands ChinaLVS to pay up to US$250mln to boost control in Sands China December 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us