Macau casino investor Success Universe has issued a profit warning ahead of the release of its unaudited financial results for the six months ended 30 June 2017, with the group stating that it expects to record a 50% increase in consolidated loss after tax compared to the corresponding period in 2016.
Success Universe, the majority owner of Ponte 16, attributed the anticipated losses to “a decrease of the group share of profit of the associates relating to Ponte 16, the flagship investment project of the group and ii) decrease in operating revenue and increase in loss of the group’s travel business.”
The company reported losses of HK$15.68 million for the six months to 30 June 2016.
Success Universe announced in February that it was in the process of revising plans for phase three of Ponte 16, which it hoped would include extra gaming facilities. Ponte 16 reported a total of 109 gaming tables – comprising 94 mass market, nine high limit and six VIP tables – as of 30 June 2016.
