{"id":777008316,"date":"2023-08-17T07:51:09","date_gmt":"2023-08-17T10:51:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008316"},"modified":"2026-04-22T18:56:46","modified_gmt":"2026-04-22T21:56:46","slug":"success-universe-returns-to-profit-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-returns-to-profit-in-h1","title":{"rendered":"Success Universe returns to profit in H1"},"content":{"rendered":"\n

Success Universe has reported its first profit since 2022.<\/p>\n\n\n\n\n\n\n\n

Macau.- The casino investor\u00a0Success Universe Group <\/strong>has announced that it achieved a consolidated profit ranging from HK$130m (US$16.6m) to HK$170m (US$21.6m) in H1. It made the announcement in an unaudited filing.<\/p>\n\n\n\n

During the corresponding period\u00a0in 2022<\/a>, the company recorded a loss of approximately HK$125.5m. The shift is attributed to a substantial fair value gain in relation to overseas-listed equity securities.<\/p>\n\n\n\n

In the first half of 2022, the group incurred a fair value loss of around HK$97m<\/strong>. <\/p>\n\n\n\n

Looking ahead, it says the Ponte 16 resort is ready for the third phase of expansion, featuring the addition of\u00a0the Macau Palace floating casino<\/a>.\u00a0The group will invest an estimated\u00a0MOP100m (US$12.4m)<\/strong> with the aim of turning Macau Palace into a cultural destination with dining, retail and a gaming culture museum. Discussions with the SAR government are underway to finalise details, and the group is seeking financing from banks.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Success Universe has reported its first profit since 2022.<\/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 consolidated profit of HK$130m-HK$170m in H1, marking a significant turnaround from a HK$125.5m loss in H1 2022, primarily attributed to substantial fair value gains on overseas-listed equity securities. Concurrently, the group announced plans for a MOP100m investment in the third phase expansion of its Ponte 16 resort, featuring the Macau Palace floating casino as a cultural and gaming destination, with ongoing discussions with the SAR government and banks for finalisation and financing.","focusai_entities":"Success Universe Group, Ponte 16, Macau Palace, SAR government","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.75), operator_casino (0.9), product_ux (0.7), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Profit Sustainability","query":"What is the projected contribution of operational GGR and NGR to Success Universe's future profitability, given the H1 profit was primarily driven by non-operating fair value gains?"},{"label":"Macau Palace ROI","query":"What are the anticipated ROI metrics and projected timeline for the MOP100m investment in the Macau Palace cultural destination, and how will its unique offering differentiate it within the competitive Macau gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[23789],"class_list":["post-777008316","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\/777008316","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=777008316"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008316\/revisions"}],"predecessor-version":[{"id":777008351,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008316\/revisions\/777008351"}],"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=777008316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}