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 well as a decrease in operating revenue and increase in loss of the group’s travel business.
Success Universe says its interim results are expected to be published in late August 2017.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Capacity expansion, Chinese exploration and concession extension are likely to lead to outperformance of Macau’s gaming stocks in the second half of this year after a sluggish start, according to analysis from Morgan Stanley.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.