In Macau and local casino firm Success Universe Group Limited has reportedly disclosed that it lost approximately $18.3 million last year due in large part to the temporary coronavirus-related shutdown of its five-star Ponte 16 Resort Macau venue.
According to a report from Inside Asian Gaming, the final depressing tally represents a decrease of almost 300% year-on-year when compared with the about $9.5 million profit the Hong Kong-listed company made in 2019 to take the combined annual deficit for itself and its Pier 16 Property Development enterprise up to $18.7 million.
Considerable credit:
Pier 16 Property Development, which runs the waterfront
Ponte 16 Resort Macau, with the remaining majority stake controlled by an entity of Macau casino behemoth