{"id":777020560,"date":"2024-11-08T09:29:39","date_gmt":"2024-11-08T12:29:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020560"},"modified":"2026-04-22T04:24:30","modified_gmt":"2026-04-22T07:24:30","slug":"macau-casino-ponte-16-gets-approval-for-non-gaming-expansion","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-ponte-16-gets-approval-for-non-gaming-expansion","title":{"rendered":"Macau casino Ponte 16 gets approval for non-gaming expansion"},"content":{"rendered":"\n<p>Ponte 16 has been allowed to add a commercial building.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Raimundo do Ros\u00e1rio<\/strong>, Macau\u2019s secretary for transport and public works, has announced that <strong>Ponte 16 casino resort complex <\/strong>has been allowed to <strong>expand its non-gaming facilities<\/strong>. The venue\u2019s public land concession has also been renewed.<\/p>\n\n\n\n<p>The gross construction area approved for the new developments is <strong>11,614 square metres<\/strong>. The land concessionaire, Ponte 16 \u2013 Desenvolvimento Predial SA, must complete the developments within 36 months.<\/p>\n\n\n\n<p>Ponte 16, which is situated on the waterfront of Macau\u2019s Inner Harbour, has been allowed to add <strong>a commercial building, plaza, and a ship <\/strong>named Macau Palace. The name was previously associated with a floating casino previously operated by <strong>SJM Holdings<\/strong>, which has a stake in Ponte 16 and provides its gaming licence.<\/p>\n\n\n\n<p>The other partner in Ponte 16 is Success Universe Group. In December 2022, shortly after SJM Holdings secured a new 10-year gaming concession, the company indicated that the Macau Palace structure would be transformed into a facility accommodating shops, dining options, and a museum-like space.<\/p>\n\n\n\n<p>In February, Success Universe outlined plans to <a href=\"https:\/\/focusgn.com\/asia-pacific\/ponte-16-phase-3-construction-to-kick-off-this-year\" target=\"_blank\" rel=\"noreferrer noopener\">develop a shopping mall and an open-air \u201cplaza\u201d next to Ponte 16<\/a> with an estimated investment of HK$500m (US$64m).<\/p>\n\n\n\n<p>For the first half of the year, Success Universe posted a net loss of HK$35.5m (US$4.6m). That compares with&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/success-universe-returns-to-profit-in-h1\" rel=\"noreferrer noopener\">an unaudited consolidated profit<\/a> of HK$153.8m (US$19.7m) for the corresponding period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ponte 16 has been allowed to add a commercial building.<\/p>\n","protected":false},"author":176,"featured_media":17809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Ponte 16 casino resort in Macau has received approval to expand its non-gaming facilities, including a commercial building, plaza, and the 'Macau Palace' ship, with its public land concession also renewed. This development, involving partners SJM Holdings and Success Universe Group, signifies a strategic pivot towards non-gaming diversification post-new gaming concessions, with an estimated investment of HK$500m.","focusai_entities":"Ponte 16, Raimundo do Ros\u00e1rio, Ponte 16 \u2013 Desenvolvimento Predial SA, SJM Holdings, Success Universe Group, Macau Palace","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming ROI Projections?","query":"What are the projected financial returns and EBITDA contributions from this non-gaming expansion for SJM Holdings and Success Universe Group, particularly in light of Success Universe's recent net loss?"},{"label":"Regulatory Compliance Milestones?","query":"Beyond the initial land concession and construction approvals, what specific regulatory compliance milestones and governance frameworks must Ponte 16 adhere to during the 36-month development period?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,23790],"class_list":["post-777020560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-ponte-16"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020560","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=777020560"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020560\/revisions"}],"predecessor-version":[{"id":777020587,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020560\/revisions\/777020587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17809"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}