Success Universe Group Ltd, an investor in Macau casino hotel Ponte 16 (pictured), posted a net loss of just under HKD33.7 million (US$4.3 million) for the first six months of 2025. That compared with a HKD35.5-million loss a year earlier, according to a Thursday filing.
The Hong Kong-listed company reported revenue of just under HKD29.0 million for the period, down 10.9 percent from first-half 2024.
Success Universe added that the group’s shared profit of the associates relating to Ponte 16 stood at HKD48.5 million in the six months to June 30, down from HKD58.2 million in the prior-year period.
Success Universe is a joint venture partner, with a unit of casino concessionaire SJM Holdings Ltd, in Ponte 16, a property at Macau’s Inner Harbour district. The gaming venue is considered a “satellite” casino of SJM Holdings.
Success Universe recognised a fair-value loss of approximately HKD49.3 million in the first half this year, compared with a HKD38.4-million loss a year earlier.
As of June 30, the casino at Ponte 16 had 109 gaming tables, consisting of 100 mass tables and 9 high-limit tables, according to Success Universe.
The average occupancy rate of the venue’s luxury hotel – ‘Sofitel Macau At Ponte 16’ – was approximately 86 percent for the first half of 2025, compared with an average occupancy rate of 85 percent a year ago.
Success Universe said the group’s shared profit of the associates relating to Ponte 16 stood at HKD48.5 million in the six months to June 30, down from HKD58.2 million in the prior-year period.
The casino at the venue – run under the licence of the SJM group – must cease to be a satellite by the end of this year, under Macau’s revised regulatory framework for gaming. In June, SJM Holdings said it anticipated absorbing Ponte 16’s gaming business into its core operations.
In Thursday’s filing, Success Universe stated: “As of the reporting date and the date of this announcement, no definitive and/or legally binding agreements or contracts in connection therewith have been entered into and no detailed terms have been negotiated in respect of the same.”
“The group will provide timely updates to shareholders to keep the market informed of any major developments as and when appropriate,” it added.
In November last year, the Macau government approved the long-anticipated expansion of non-gaming facilities at Ponte 16, along with a renewed and amended public land concession for the property. Permitted facilities, according to the announcement, include a “commercial building”, a “plaza”, and a “vessel” named Macau Palace.
