Ponte 16 turnaround boosts Success Universe

Success Universe Group Ltd. said it expects to report an unaudited consolidated profit for the six months ended June 30, reversing a loss posted a year earlier. The Hong Kong-listed company attributed the turnaround to improved performance at its Ponte 16 casino hotel, which contributed to last year's loss. The company added that its buyout of the stake in Ponte 16 held by Japanese pachinko group Maruhan Corp. earlier this year also added to this year's result.