{"id":777024070,"date":"2025-03-14T09:51:54","date_gmt":"2025-03-14T12:51:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024070"},"modified":"2026-04-22T00:50:52","modified_gmt":"2026-04-22T03:50:52","slug":"success-universe-issues-profit-warning-2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/success-universe-issues-profit-warning-2","title":{"rendered":"Success Universe issues profit warning"},"content":{"rendered":"\n

The company expects to record a decrease in consolidated profit of between 40 and 50 per cent for 2024.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Success Universe<\/strong>, an investor in the Macau Ponte 16 casino, has issued a profit warning. It expects to record a decrease of 40 to 50 per cent in unaudited consolidated profit for the year ended December 31, 2024. It reported HK$169m (US$21.75m) for the previous year.<\/p>\n\n\n\n

The decline in profit comes despite a gain of HK$31m (US$4m) from disposal of the group\u2019s overseas-listed equity securities. The company attributed the decrease to an increase in the fair value loss on its investment properties and the write-down of the carrying value of its property portfolio. It expects to share its full financial results later this month.<\/p>\n\n\n\n

In February, Hoffman Ma Ho Man<\/a>, deputy chairman of Success Universe Group, said it was \u201cunrealistic\u201d to expect Macau\u2019s gross gaming revenue (GGR) to return to 2019 levels as the city now has only 20 per cent of its GGR coming from the VIP sector. During a lunch for the Hong Kong press, Ho Man said the focus should be on increasing foot traffic, particularly in the mass-market segment. <\/p>\n\n\n\n

Macau\u2019s GGR for 2024 was MOP226.78bn (US$28.39bn)<\/strong>, up 23.8 per cent year-on-year but down 22.45 per cent compared to 2019 levels (MOP292.45bn). GGR for the first two months of 2025 was MOP38bn, up 0.5 per cent from the prior-year period. <\/p>\n\n\n

<\/p>\n
<\/p>\n

See also:<\/span> Macau GGR rises in February<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The company expects to record a decrease in consolidated profit of between 40 and 50 per cent for 2024.<\/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, an investor in Macau Ponte 16 casino, has issued a profit warning, forecasting a 40-50% decrease in its 2024 consolidated profit due to fair value losses on investment properties and property portfolio write-downs. This comes as the Macau market continues to recalibrate, with Deputy Chairman Hoffman Ma Ho Man noting the unlikelihood of GGR returning to 2019 levels given the reduced VIP sector contribution and a strategic shift towards mass-market foot traffic.","focusai_entities":"Success Universe, Macau Ponte 16, Hoffman Ma Ho Man, Success Universe Group","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Profit Warning Impact","query":"What specific asset classes within Success Universe's investment properties and property portfolio contributed most significantly to the fair value losses and write-downs, leading to the 2024 profit warning?"},{"label":"Macau Market Shift","query":"Beyond the decline in VIP GGR, what specific initiatives or policy changes are Macau operators implementing to effectively capture and grow the mass-market segment, and what are the projected timelines for these strategies to yield substantial returns?"}],"footnotes":""},"categories":[157,16338],"tags":[23790,24463],"class_list":["post-777024070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-ponte-16","tag-success-universe-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024070","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=777024070"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024070\/revisions"}],"predecessor-version":[{"id":777024100,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024070\/revisions\/777024100"}],"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=777024070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}