{"id":777002160,"date":"2023-02-07T12:49:39","date_gmt":"2023-02-07T15:49:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002160"},"modified":"2026-04-23T00:53:14","modified_gmt":"2026-04-23T03:53:14","slug":"success-universe-macau-ggr-to-reach-60-of-pre-pandemic-levels-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-macau-ggr-to-reach-60-of-pre-pandemic-levels-this-year","title":{"rendered":"Success Universe: Macau GGR to reach 60% of pre-pandemic levels this year"},"content":{"rendered":"\n

Success Universe’s deputy chairman says the reopening of the border with China will aid the recovery.<\/p>\n\n\n\n\n\n\n\n

Macau.- Hoffman Ma Ho-man<\/strong>, deputy chairman of Success Universe, which operates the hotel-casino Ponte 16, believes Macau’s gross gaming revenue (GGR) could reach 60 per cent <\/strong>of pre-pandemic levels this year. He expects mass market<\/strong> revenue to fully return to pre-pandemic levels, increasing the segment’s contribution to the total GGR.<\/p>\n\n\n\n

Ma Ho-man predicts revenue of between US$1.bn to US$1.1bn for February but anticipates a potential record high for the Labour Day holiday thanks to the reopening of the border with mainland China.<\/p>\n\n\n\n

In January<\/a>, Macau GGR grew 232.6 per cent month-on-month from MOP3.48bn (US$433m) in December to MOP11.6bn. Revenue was up 82.5 per cent year-on-year<\/a> and represents the best monthly performance since January 2020 \u2013 before the Covid-19 pandemic.<\/p>\n\n\n\n

Ma Ho-man said Success Universe is negotiating with the Macau government regarding the third phase of Ponte 16. The company’s hotels had 90 per cent occupancy rates in January, with some fully booked, but a 10 per cent drop in occupancy is projected for this month. <\/p>\n\n\n\n

Success Universe<\/a> reported a HK$125.5m (US$16m) loss in the first half of the year 2022. Group-wide revenue was just above HK$54.5m (US$6.94m), up 54.1 per cent from H1 2021. For Ponte 16<\/a>, the company posted negative adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HK$1.0m (US$127,400) . The shared loss of associates decreased by 68.3 per cent to HK$9.6m.<\/p>\n\n\n\n

See also:<\/strong> Macau\u2019s GGR for first five days of February stands at US$235.1m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Success Universe’s deputy chairman says the reopening of the border with China will aid the recovery.<\/p>\n","protected":false},"author":176,"featured_media":21513,"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's deputy chairman projects Macau's GGR to reach 60% of pre-pandemic levels this year, driven by the border reopening with mainland China and a full recovery of the mass market segment. January GGR surged 232.6% month-on-month to MOP11.6bn, marking the best performance since January 2020, while Success Universe reported a HK$125.5m loss in H1 2022 but is negotiating the third phase of its Ponte 16 hotel-casino.","focusai_entities":"Success Universe, Hoffman Ma Ho-man, Ponte 16","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), marketing_crm (0.75), payments_fraud_aml (0.7), investor_analyst (0.97), supplier_vendor (0.8), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What specific factors beyond border reopening are critical for Macau to achieve 60% of pre-pandemic GGR, and what is the projected timeline for full recovery of the VIP segment relative to the mass market?"},{"label":"Ponte 16 Expansion Details?","query":"What are the specific terms and investment requirements for Success Universe's proposed third phase of Ponte 16, and how will this expansion impact its competitive positioning and financial leverage within the Macau concessionaire landscape?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,23790,23789],"class_list":["post-777002160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-ponte-16","tag-success-universe"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002160","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=777002160"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002160\/revisions"}],"predecessor-version":[{"id":777002177,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002160\/revisions\/777002177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}