{"id":777013915,"date":"2024-03-13T09:15:13","date_gmt":"2024-03-13T12:15:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013915"},"modified":"2026-04-22T12:05:59","modified_gmt":"2026-04-22T15:05:59","slug":"success-universe-expects-consolidated-profit-of-up-to-us24-3m-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-expects-consolidated-profit-of-up-to-us24-3m-for-2023","title":{"rendered":"Success Universe expects consolidated profit of up to US$24.3m for 2023"},"content":{"rendered":"\n

Full results will be published later this month.<\/p>\n\n\n\n\n\n\n\n

Macau.- The casino investor\u00a0Success Universe Group Limited<\/strong>, which operates Macau\u2019s Ponte 16 casino, has issued an update announcing that it expects to post an unaudited consolidated profit of between HK$160m and HK$190m (US$20.4m and US$24.3m) for the year 2023,\u00a0up from a loss of HK$287.1m a year earlier<\/a>.<\/p>\n\n\n\n

This is primarily due to a profit for the associates on Ponte 16 for 2023 and a fair value gain on the group\u2019s overseas-listed equity securities compared to a fair value loss of approximately HK$174.1m in 2022. Final results for the year ended December 31 will be published in late March.<\/p>\n\n\n\n

In February, Success Universe Group<\/a> announced plans for the third phase of Ponte 16, with an estimated investment of HK$500m (US$64m). The expansion includes a shopping mall and is expected to kick off later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Full results will be published later this month.<\/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 Limited anticipates an unaudited consolidated profit of HK$160m-HK$190m for 2023, a significant turnaround from the previous year's loss, driven by Ponte 16's performance and fair value gains. Concurrently, the group announced a HK$500m investment for Ponte 16's third phase, including a shopping mall, slated to commence later this year.","focusai_entities":"Success Universe Group Limited, Ponte 16","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Ponte 16 GGR Contribution?","query":"What specific gaming verticals and non-gaming amenities contributed most significantly to Ponte 16's improved Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) in 2023?"},{"label":"Expansion ROI Projections?","query":"What are the projected Return on Investment (ROI) metrics and anticipated timeline for the HK$500m third phase expansion of Ponte 16, particularly concerning its impact on future EBITDA and market share?"}],"footnotes":""},"categories":[157,16338],"tags":[23790,23789],"class_list":["post-777013915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-ponte-16","tag-success-universe"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013915","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=777013915"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013915\/revisions"}],"predecessor-version":[{"id":777013922,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013915\/revisions\/777013922"}],"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=777013915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}