{"id":28569,"date":"2022-03-31T06:55:19","date_gmt":"2022-03-31T09:55:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28569"},"modified":"2026-04-23T10:02:18","modified_gmt":"2026-04-23T13:02:18","slug":"success-universe-posts-hk4-9m-profit-for-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-posts-hk4-9m-profit-for-2021","title":{"rendered":"Success Universe posts HK$4.9m profit for 2021"},"content":{"rendered":"\n

Success Universe, which operates Macau\u2019s Ponte 16 casino, has shared its financial results for the year ended December 31.<\/p>\n\n\n\n\n\n\n\n

Macau.- The casino investor\u00a0<\/strong>Success Universe Group Limited\u00a0has revealed that it returned to profit in 2021 despite a sharp drop in sales. The company reported\u00a0a profit of HK$4.9m (US$536,000)<\/strong>\u00a0despite revenue being down 58 per cent year-on-year from HK$363.8m in 2020 to HK$151.1m.<\/p>\n\n\n\n

Success said its associated losses related to Ponte 16 were significantly reduced to HK$48.7m in 2021, compared with HK$145.7m in the previous year.<\/p>\n\n\n\n

The company said: “As affected by the recent spread of more transmissible variants of the Covid-19 pandemic including Omicron and Delta, a full economic recovery will likely take more time. Rising geopolitical tensions across the world also put pressure on the market.”<\/p>\n\n\n\n

At the end of 2021, there were 101 gaming tables at Ponte 16<\/strong>, including 91 mass-market gaming tables and 10 high-stakes gaming tables. The average occupancy rate of its Sofitel hotel increased to over 50 per cent. The property recorded an Adjusted EBITDA loss of approximately HK$57.6m.<\/p>\n\n\n\n

Last year, the company purchased a total of about 23.4 units of bitcoin<\/a>\u00a0for HK$10.1m, losing about HK$1.7m in depreciation in the process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Success Universe, which operates Macau\u2019s Ponte 16 casino, has shared its financial results for the year ended December 31.<\/p>\n","protected":false},"author":176,"featured_media":8899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Success Universe Group, operator of Macau's Ponte 16 casino, reported a return to profit in 2021 with HK$4.9m, despite a 58% revenue decline to HK$151.1m. The company significantly reduced associated losses from Ponte 16 and noted ongoing market pressures from the pandemic and geopolitical tensions.","focusai_entities":"Success Universe Group Limited, Success Universe, Ponte 16, Sofitel","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What specific operational adjustments or cost efficiencies enabled Success Universe Group to return to profitability despite a significant revenue contraction in the Macau gaming market?"},{"label":"Capital Allocation Strategy","query":"Given the reported depreciation loss on Bitcoin, what is Success Universe Group's current digital asset investment strategy, and how does it align with its core gaming and hospitality capital allocation framework?"}],"footnotes":""},"categories":[16338,163],"tags":[23789],"class_list":["post-28569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-success-universe"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28569"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28569\/revisions"}],"predecessor-version":[{"id":28578,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28569\/revisions\/28578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8899"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}