Success Universe Group, an investor in Macau’s Ponte 16, posted a gross profit of HK$16.8 million ($2.2 million) in 2023, up 35 percent compared to 2022.

Success Universe Group, an investor in Macau’s Ponte 16 hotel-casino property, states that it expects to record an unaudited consolidated profit for 2023 in the range of approximately HK$160 million ($20.5 million) to HK$190 million ($24.3 million).

Ponte 16’s operator, Success Universe Group, reveals that it has allocated HK$100 million ($12.8 million) for revamping its hotel facilities.

Success Universe Group said it plans to refinance up to HK$490 million ($62.6 million) in loans provided to Macau's Ponte 16, one of the few satellite casinos operating on the city's peninsula.

The operator of Macau's Ponte 16 casino, Success Universe, said it is discussing with the government about its future development projects, part of which include a floating casino.

The operator of Macau’s Ponte 16 casino, Success Universe, saw a HK$287.07 million ($36.57 million) loss for 2022, dragged down by a HK$42.1 million ($5.36 million) loss from the group’s share in Ponte 16’s operations.

Success Universe, investor in the Macau Ponte 16 casino, has issued a profit warning, advising that it is expecting to record a loss of between HK$260 million ($33.13 million) and HK$300 million ($38.2 million) for 2022.

The deputy chairman of Ponte 16 operator Success Universe is forecasting that mass market revenues will fully recover to pre-pandemic levels, while overall GGR should reach some 60 percent of former results.

Ponte 16 casino performance and overseas losses dragged Success Universe Group's balance-sheet in the first half of fiscal 2022, a filing to the Hong Kong Stock Exchange shows.

Despite strong revenue stream, Hong Kong-listed Success Universe Group Ltd reported a net loss of HK$125.5 million ($16 million) in the second quarter of 2022.