Success Universe, the Hong Kong-listed company behind Macau’s Ponte 16 property which formerly housed a satellite casino, is expecting to record a consolidated loss of HK$370-410 million ($47.27-52.38 million) for 2025.
According to a company filing on Thursday, this reverses a profit of HK$93 million ($11.88 million) recorded in 2024. The significant loss comes after the closure of the satellite casino which operated for over 17 years before shuttering on November 28th, 2025.
Mid-2025, Success Universe tried to cement its bonds with SJM, as it operated the casino at Ponte 16 under its license. SJM also holds a 51 percent stake in Pier 16 – Property Development (via a subsidiary), while Success Universe holds 49 percent.
SJM had previously indicated that Ponte 16 would be one of two properties that it would acquire in order to maintain the casino operation, as Macau law mandated the closure of all satellite casinos by December 31st of last year.
While L’Arc Hotel & Casino was integrated into SJM Resorts’ portfolio in December, Ponte 16 was not, causing serious investor concern, due to the heavy investment in what has become an entirely non-gaming asset on Macau’s peninsula.
The impairment loss associated with the ending of operations at Casino Ponte 16 is the main reason cited for the significant loss for 2025. This was coupled with a shared loss ‘due to write-off of a substantial amount of the asset’ (Ponte 16), slightly softened by a HK$112 million ($14.31 million) share of profit from the venue in 2025.
