Success Universe makes financial commitment to Ponte 16
Success Universe has committed US$63.6m under its 2025 Financial Assistance plan.
Macau.- Success Universe Group (SUG), an investor in Macau casino hotel Ponte 16, has announced that it has committed a maximum liability of HK$497m (US$63.3m) to Pier 16 – Property Development under its 2025 Financial Assistance plan.
Its financial exposure now stands at HK$839m (US$106.9m), including a shareholder loan of HK$342m (US$43.6m).
For the year ended 31 December 2024, the Group’s shared profit of the associates relating to Ponte 16 was approximately HK$112m (US$14.27). SJM Holdings, which has a 51 per cent stake in Pier 16 – Property Development, plans to absorb the casino at the Ponte 16 property.
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