Macau Success Ltd, part owners of Ponte 16 Casino, shares were sharply lower after the company warned of a net loss for the year to September.
The stock was down today 0.16 hkd or 20.51 pct at 0.62, off a low of 0.60.
Macau Success said it expects to post a loss for the year to September due to depreciation charges and high operating costs in the initial stage of operations at some associate firms.
It added that its cruise leasing and management businesses have also been adversely affected by high fuel oil and operating costs.
Macau Success operates a casino cruise ship and other tourist-related businesses.
Related Posts- Ponte 16 Casino Rumoured to Open 30 January 2008
Be the first one to know on Macau Daily Blog! On our recent visit we had a brief look around,... - Wynn Macau Q-3 Net Revenue More Than Doubled
The results from Wynn Resorts' third quarter were great. Operations in Macau are kicking it up a notch, and the... - Will The Macau Casino Boom Last?
Perched behind the front desk at the Pousada de Mong-Ha, a colonial-style hotel in Macau, Iris Lo looks every inch...
- Azinger Rules Out Possibility of Returning as U.S. Ryder Cup Captain
Paul Azinger who was responsible for leading the United States Ryder cup team into victory this year has announced that he does not plan on... - Macau News December 2006
PacificNet seals deal with Lisboa Casino Lisboa has selected PacificNet Games Limited as provider of its multi-player electronic gaming machines, with 120 units to be... - California Salmon Population Dropped 88% in 5 Years
California Salmon are disappearing. The number of King Salmon (aka the Chinook) returning to the Sacramento watershed was at a near record low low and...









