Success Universe Group Ltd. reported higher profits from both its Ponte 16 casino hotel in Macau and its Hong Kong-based M.V. Macau
Success casino cruise ship for the first half of 2013. Earnings before interest, tax, depreciation and amortization for Ponte 16 rose 25.7 percent to HK$179.4 million ($23.1 million) on higher mass market revenues. Profits for the Macau Success nearly doubled to HK$2.1 million from HK$1.1 million as revenues rose 9.4 percent to HK$42 million.
Revenues for the Hong Kong-listed company’s new China lottery business soared to HK$23.3 million from HK$700,000 while the business’ loss narrowed 15.7 percent to HK$9.1 million. Success Universe said its Sports Lottery sales agency services network had added Heilongjiang as a third province of operations.