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 company said that the improvement was also due to an increase in fair value gain on investment properties in the group.
Success Universe expects to post results in late August.
Ponte 16 is the only resort in the Inner Harbor of Macau. It consists of a five-star hotel, a casino, Asia’s first MJ Gallery, and an upcoming entertainment and retail complex.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.