Macau’s Ponte 16 investors expect to see profits jump 30-40% for FY19. <\/p>\n\n\n\n\n\n\n\n
Macau.- Success Universe, an investor in Macau\u2019s Ponte 16, said it expects to report a 30-40 per cent gain in profit for FY19.<\/p>\n\n\n\n
The expected increase is on the HK$54.2 million (\u20ac6.3 million) it reported the year before. <\/p>\n\n\n\n
According to a filing delivered by the company to the Hong Kong Stock Exchange, the increase was due to its share of the profit relating to the Ponte 16 casino, which is Success Universe\u2019s flagship project.<\/p>\n\n\n\n
Success Universe expects to report its final results at the end of March.<\/p>\n\n\n\n
The company has a 49 per cent interest in Ponte 16, with SJM Holdings owning the remaining 51 per cent.<\/p>\n\n\n\n
The property is located in Macau\u2019s inner harbour and includes a luxury Sofitel hotel, a casino and food and beverage outlets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau’s Ponte 16 investors expect to see profits jump 30-40% for FY19.<\/p>\n","protected":false},"author":2,"featured_media":4708,"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, an investor in Macau's Ponte 16, anticipates a 30-40% profit increase for FY19, driven by its share in the Ponte 16 casino. This financial uplift, reported to the Hong Kong Stock Exchange, underscores the robust performance of its flagship gaming asset. SJM Holdings holds the majority 51% interest in the integrated resort.","focusai_entities":"Success Universe, Ponte 16, SJM Holdings, Hong Kong Stock Exchange, Sofitel","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Ponte 16 Profit Drivers?","query":"What specific operational efficiencies or market conditions contributed most significantly to Ponte 16's anticipated 30-40% profit increase for FY19?"},{"label":"SJM Holdings Impact?","query":"How does Success Universe's expected profit growth from Ponte 16 align with or diverge from SJM Holdings' broader portfolio performance and strategic outlook in Macau?"}],"footnotes":""},"categories":[160,16338,163],"tags":[29,257],"class_list":["post-4696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4696","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4696"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4696\/revisions"}],"predecessor-version":[{"id":21087,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4696\/revisions\/21087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}