{"id":777003899,"date":"2023-03-31T13:05:02","date_gmt":"2023-03-31T16:05:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003899"},"modified":"2026-04-22T23:14:27","modified_gmt":"2026-04-23T02:14:27","slug":"success-universe-posts-us36-57m-loss-for-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-posts-us36-57m-loss-for-2022","title":{"rendered":"Success Universe posts US$36.57m loss for 2022"},"content":{"rendered":"\n

Success Universe has reported negative earnings of HK$46.2m (US$5.9m) at Ponte 16.<\/p>\n\n\n\n\n\n\n\n

Macau.- The casino investor Success Universe Group Limited<\/strong> has shared its financial results for the full-year 2022. Revenue was down 24.1 per cent year-on-year<\/a> to HK$114.8m, and the company posted a loss attributable to owners of HK$287.1m, down from a HK$4.9m profit in 2021. <\/p>\n\n\n\n

The loss was mainly caused by the recognition of a HK$174.1m fair value loss on the group’s overseas-listed equity securities, a fair value loss on investment properties and a write-down of the group’s properties stock of approximately HK$20m (US$2.62m).<\/p>\n\n\n\n

For the casino hotel Ponte 16<\/a>, the company posted negative adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HK$46.2m (US$5.9m) for the year. The group’s shared loss relating to Ponte 16 decreased by approximately 13 per cent to HK$42.1m (US$5.36m).<\/p>\n\n\n\n

According to the company, the average occupancy rate of Sofitel Macau At Ponte 16 was approximately 48 per cent, down from 52 per cent in 2021.<\/p>\n\n\n\n

Yeung Hoi Sing, Sonny<\/strong>, chairman of Success Universe Group Limited commented, “As the pandemic is fading away, the Group is optimistic about the future. <\/p>\n\n\n\n

“In 2023, the group will focus on strengthening its position in the entertainment and tourist-related industries while optimising its investment property portfolio to create long-term value for its stakeholders. <\/p>\n\n\n\n

“As the market continues to recover, the group will take proactive steps to keep pace with the changing marketplace and create a sustainable value in the long run.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Success Universe has reported negative earnings of HK$46.2m (US$5.9m) at Ponte 16.<\/p>\n","protected":false},"author":176,"featured_media":19265,"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 reported a substantial loss of HK$287.1m for FY2022, a significant decline from a profit in 2021, primarily due to fair value losses on overseas-listed equity securities and investment properties. The casino hotel Ponte 16 recorded negative adjusted EBITDA of HK$46.2m, reflecting challenging market conditions in Macau. Despite these results, the Group's chairman expressed optimism for 2023, focusing on strengthening its position in entertainment and tourism as the market recovers.","focusai_entities":"Success Universe Group Limited, Ponte 16, Sofitel Macau At Ponte 16, Yeung Hoi Sing, Sonny","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Strategy Details","query":"What specific initiatives will Success Universe Group implement to strengthen its position in the entertainment and tourist-related industries in Macau, and what are the projected timelines for these strategic pivots?"},{"label":"Capital Market Impact","query":"How do the fair value losses on overseas-listed equity securities and investment properties reflect broader capital market trends impacting diversified iGaming and hospitality conglomerates?"}],"footnotes":""},"categories":[16338,163],"tags":[23790,23789],"class_list":["post-777003899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-ponte-16","tag-success-universe"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003899","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=777003899"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003899\/revisions"}],"predecessor-version":[{"id":777003928,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003899\/revisions\/777003928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19265"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}