Success Universe Group Limited (formerly known as Macau Success Limited, together with its subsidiaries, the “Group”) is a listed company that its shares are traded on The Stock Exchange of Hong Kong Limited under the stock code “00487”. The principal businesses and investments of the Group include travel and entertainment-related business, providing a technology services platform and related technical support for sports and welfare lottery businesses as well as providing lottery sales agency services in the People’s Republic of China, and the investment project of Ponte 16. Altogether, the Group businesses create tremendous synergies and lay down a strong foundation for the continuous success.
Dr. Hoffman Ma is the Deputy Chairman and executive director of Success Universe Group Limited (SEHK StockCode: 00487). He holds the leading role in strategic development and business operations management of the company, which focuses on travel, cruise as well as gaming and entertainment businesses. Dr. Ma also acts as the Deputy CEO of Pier 16 - Resort Hotel Management Limited, an associate of Success Universe, and is responsible for the development and marketing of Ponte 16, a world-class integrated casino-entertainment resort in Macau. With a strategic vision and commitment to cultural innovation, Dr. Ma actively transformed Ponte 16 into a premier resort destination infused with exclusive Hollywood cultural elements and local heritage. The innovative set up of the first Michael Jackson (“MJ”) gallery in Asia, “MJ Gallery at Ponte 16”, in an area that combines the ambience and nostalgia of Macau’s bygone era is more than merely a place dedicated to the great entertainer, but also a significant contribution in promoting the cultural exchange between the East and West. Dr. Ma was accredited as one of the "10 Most Innovative Leaders of China Enterprises" and "Outstanding and Innovative Entrepreneur in China" in Year 2010 by "Chinese Association of Productivity Science", and“Outstanding Entrepreneur of China” in Year 2011 by “China Economy Trading Promotion Agency”.
Success Universe announced that it will extend HK$58.8 (US$7.6 million) in financial assistance for the Ponte 16 resort in Macau. This follows a HK$39.2 million loan provided in July.
Success Universe Group, which operates Sofitel Macau At Ponte 16, has posted HK$132.2 million (US$17 million) in net losses in the first half of this year. Revenue for the half was HK$334 million, just about half of what it had been in 2019. “With the suspension of group and individual travel visas from the mainland,” […]
Success Universe warns that it will swing to a loss in the first half due to its share of “substantial” losses from the Ponte 16 casino in Macau.
Success Universe, an investor in Macau’s Ponte 16, said group revenue for 2019 gained two percent to HK$1.14 billion ($147 million).
Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million) it reported the prior year.
Success Universe, an investor in Macau’s Ponte 16 resort, said it expects its group profit for the six months to end June to be about two to three times the level of the prior year.
Success Universe returned to profit in the year ended December 31, 2018, due mainly to revenue from its share in the Ponte 16 casino in Macau. Said profit reached HK$54.2 million (US$6.9 million), up from a loss of HK$33.5 million in 2017, with revenue nearly doubling to HK$1.1 billion in the year. Success Universe said […]
Success Universe, operator of Ponte 16 in Macau, posted profit of HK$14.2 million (US$1.8 million) in the first half of 2018, up from a loss of more than HK$21 million in the prior year period. The company said the turnaround in profit was mainly attributed to a fair value gain on investment properties of the […]
Success Universe says it expects to post a profit for the six months ending 30th of June compared with a loss during the same period a year earlier due in part to the group’s share of profit from its flagship investment project, Ponte 16.
The seizure of UnionPay point of sale terminals (POS) from pawn shops in Macau earlier this month triggered a slide in operator shares on fears of tighter capital controls, though the continued use of illegal devices means there has been little impact on revenue. Two state-owned mainland banks, Industrial and Commercial Bank of China (ICBC) […]
Success Universe, operator of casino Ponte 16, reported a slight increase in revenue for the full year 2017, but said its casino business was impacted by the adverse effects of Typhoon Hato in August last year. Total group-wide revenue increased by 4.4 percent to HK$589.9 million, due mainly to an increase in its travel business […]
Hong Kong-listed Success Universe Group Ltd has disposed all of its shares in Honour Rich, a lottery technology service provider in Mainland China. The shares represent 80 percent of the entire issued share capital of Honour Rich, which was sold for an aggregate consideration of HK$12 million to Wide Fortune Group Ltd, according to the […]
Success Universe recorded a loss for the six months ended June 30, 2017, following a decrease in the group’s earnings at Ponte 16, and a dip in revenue from its travel business. Loss attributable to owners of the company amounted to HK$21.1 million in the first half of 2017, while revenue of the group decreased […]
Success Universe has warned investors it is expecting to record a “significant increase” in consolidated loss for the six month period ending June 30, 2017. The loss, which is expected to widen by around 50 percent compared to the prior year period, is mainly attributable to a decrease in profit relating to Ponte 16, as […]
Success Universe says it’s optimistic about the long-term future for the Macau gaming industry, with the expansion in the mass sector pointing to more sustainable future growth. The group also said it’s seeking other business opportunities to help replace a loss of revenue from China’s suspension of online lottery sales. Success Universe, which owns a […]
Success Universe Group says it expects consolidated loss for the full year 2016 to increase as much as threefold, due to average performance of its Ponte 16 operations as well as a decrease in performance of the group’s lottery business. According to a filing to the Hong Kong Stock Exchange on Thursday, the group said […]
Macau casino investor Success Universe has reported a near 50 percent drop in gross profit for the six months ended June 30, 2016, mainly attributable to the lowered profits relating to its flagship investment project. Success Universe, which earns shared profit of Ponte 16, said it saw approximately HK$10.6 million ($1.4 million) from operations in […]
Macau casino investor Success Universe says it is expected to record an increased loss for the six months ended June 30, 2016. The group said it expected to record an increase “of around 2 to 4 times” in loss after tax, mainly attributed to a decrease in the group’s share of profit in Ponte 16, […]
Macau casino investor Success Universe Group swung to a 2015 loss as shared profit from its flagship Ponte 16 project fell and its lottery business declined due to China’s ban on online sales. The group reported a loss of HK$11.6 million ($1.5 million) for the year ended Dec. 31, 2015, compared to a profit of […]
Success Universe Group Limited deputy chairman Hoffman Ma Ho Man claimed 90 percent of the hotel rooms at Sofitel Macau at Ponte 16 were occupied during the Lunar New Year period, local media reports. The chairman said that room rates during the holiday period dropped compared to previous years, and added the company will continue […]
Macau casino investor Success Universe Group Ltd has informed shareholders and potential investors that it expects to record a consolidated loss after tax for the year ended Dec. 31, 2015, according to a filing to the Hong Kong Stock Exchange on Feb. 1. The loss is compared with an audited consolidated profit after tax for […]
Success Universe, which is engaged in the travel, lottery and gaming business, said it plans to restructure its retail outlets to “gain more exposure,” after reporting a heavy loss in the first half of the year. The company, whose flagship investment is the Ponte 16 casino and hotel in Macau, posted a loss of HK$1.9 […]
Success Universe posted a loss of HK$1.9 million ($245,000) for the six months ended June 30, compared with a profit in the prior corresponding period of HK$47.7 million The company’s loss per share was 0.04 HK cents compared to earnings per share in 14H1 of 0.97 HK cents. The loss was largely attributable to Macau’s […]
Success Universe announced that it expects to record a loss after tax for the six months ended 30 June 2015, compared with a year-on-year profit of HKD47.7 million ($6.15 million). The company said this is due to a further decrease in the group’s shared profit from Ponte 16, an integrated casino resort and the company’s […]
Success Universe announced that it recorded a significant decrease in profit after tax for the five months ended 31 May 2015 compared with corresponding period in 2014. The decline was mainly attributable to the substantial decrease of the group’s shared profit of Ponte 16, the flagship investment project of the group, the company said in […]
Success Universe, whose interests range from the lottery in mainland China to Ponte 16, an integrated casino-entertainment resort located in Macau, said it has sold off a 10 percent stake in Canada’s Jade Travel Group for C$332,500 ($267,894). The company is selling the stake to 1034635 B.C. Ltd, a British Columbia-based company, which already has […]
Hong Kong-based Success Universe Group, a sports lottery sales agency to the Chinese market, posted a 420 percent increase in profit attributable to the company’s owners for the 12 months in 2014. Success Universe, which operates lottery website 128cai. com, said its profit grew to HK$96.9 million ($12.5 million) in 2014 from HK$18.6 million the year […]
Success Universe, which operates Casino Ponte 16, is interested in its own gaming licence, local media reports. Executive director and deputy chairman Hoffman Ma Ho Man told the Hong Kong Economic Journal: “If there’s open bidding for a gaming licence, for sure we’ll be interested.” Success runs Casino Ponte 16 as a satellite casino of […]