{"id":777014363,"date":"2024-04-01T11:53:52","date_gmt":"2024-04-01T14:53:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014363"},"modified":"2026-04-22T11:36:50","modified_gmt":"2026-04-22T14:36:50","slug":"ponte-16-returns-to-profitability","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ponte-16-returns-to-profitability","title":{"rendered":"Ponte 16 returns to profitability"},"content":{"rendered":"\n<p>Success Universe Group, an investor in Macau\u2019s Ponte 16, posted a gross profit increase of 35 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Success Universe Group<\/strong>, the investor and operator of <a href=\"https:\/\/focusgn.com\/asia-pacific\/ponte-16-phase-3-construction-to-kick-off-this-year\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/ponte-16-phase-3-construction-to-kick-off-this-year\" target=\"_blank\" rel=\"noreferrer noopener\">Ponte 16<\/a> , has announced its financial results for full-year 2023. The company posted <strong>gross profit of HK$16.8m (US$2.2m)<\/strong> in 2023, up 35 per cent compared to 2022.<\/p>\n\n\n\n<p>R<strong>evenue was down 11 per cent to HK$101.9m (US$13m)<\/strong>, compared to the HK$114.8m (US$14.7m) in 2022. The profit attributable to owners for the year ended December 31 2023 was approximately HK$169.3m (US$21.6m) versus a loss of approximately HK$287.1m (US$36.7m) in the previous year.<\/p>\n\n\n\n<p>Ponte 16 recorded an <strong>adjusted EBITDA of HK$334.1m (US$42.7m)<\/strong>. The average occupancy rate of <strong>Sofitel Macau at Ponte 16<\/strong> reached approximately 83 per cent in 2023, compared to 48 per cent in 2022.<\/p>\n\n\n\n<p>Success Universe said the casino of Ponte 16 had 109 gaming tables in operation: 103 mass tables and 6 high-limit tables.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Success Universe Group, an investor in Macau\u2019s Ponte 16, posted a gross profit increase of 35 per cent.<\/p>\n","protected":false},"author":226,"featured_media":777011925,"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, an investor in Macau's Ponte 16, reported a 35% increase in gross profit to HK$16.8m for FY2023, alongside a significant turnaround from a HK$287.1m loss in 2022 to a HK$169.3m profit attributable to owners. Despite an 11% revenue decline, Ponte 16 achieved an adjusted EBITDA of HK$334.1m, driven by an improved hotel occupancy rate of 83% and the operation of 109 gaming tables.","focusai_entities":"Success Universe Group, Ponte 16, Sofitel Macau","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":"Profit Drivers Analysis","query":"What specific operational efficiencies or cost management strategies contributed to the significant profit turnaround for Success Universe Group and Ponte 16, despite a decline in overall revenue?"},{"label":"Macau Market Outlook","query":"Given the improved hotel occupancy and gaming table deployment, what is the projected outlook for Ponte 16's GGR and NGR performance in the Macau market for FY2024, particularly concerning mass vs. high-limit segments?"}],"footnotes":""},"categories":[157,16338],"tags":[24463],"class_list":["post-777014363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-success-universe-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014363","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014363"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014363\/revisions"}],"predecessor-version":[{"id":777014379,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014363\/revisions\/777014379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011925"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}