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.
Provision of Financial Assistance (HKSE filing)
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.