The company attributed the anticipated loss primarily to the cessation of satellite casino operations at Ponte 16.
Hong Kong.- The holding company Success Universal Group has warned shareholders of a projected consolidated loss of HK$370m (US$47.27m) to HK$410m (US$52.38m) for 2025. That compares to a HK$93m (US$11.88m) profit in 2024.
In a filing on Thursday, March 12, the company attributed the anticipated loss primarily to the cessation of satellite casino operations at Ponte 16. The venue closed permanently on November 27, 2025 in accordance with Macau law requiring all satellite casinos to shut by December 31.
Success Universal said the shutdown, which ended nearly two decades of operations under an SJM licence, led to significant impairment losses on its stake in the Ponte 16 associates and shared losses from the write-off of assets.
By comparison, in the last corresponding year, the group recorded a shared profit of around HK$112m (US$14.30m) from its stake in the Ponte 16 associates. It owns 49 per cent of Pier 16 – Property Development, while SJM holds the remaining 51 per cent.
The group also cited a substantial decrease in fair value gains from its overseas listed equity holdings as a factor behind the projected loss. The figures are preliminary and unaudited, with final results expected to be released in late March 2026.
Earlier this week, Paradise Entertainment, forecast 63.5 per cent decline in profit due to the closure of its Kam Pek casino on December 2.
The company attributed the anticipated loss primarily to the cessation of satellite casino operations at Ponte 16. Hong Kong.- The holding company Success Universal Group has warned shareholders of a projected consolidated loss of HK$370m (US$47.27m) to HK$410m (US$52.38m) for 2025. That compares to a HK$93m (US$11.88m) profit in 2024. In a filing on Thursday,…
