Success Universe already owned 75% of Jade Travel, but it decided to go after the whole company. According to an announcement by the Macau gaming investor, it is in the process of completing a purchase for the remaining 25% in a deal that is reportedly worth $1.04 million.

The company operates the integrated resort Ponte 16 under a license from SJM. However, it is looking to expand into the travel industry and has made arrangements with 1034635 BC Ltd., who owns the last quarter of Jade, to buy it out.

The company indicated, “As mentioned in the interim report of the company for the six months ended 30 June 2018, Jade Travel Ltd. had achieved an encouraging performance with a revenue increase of approximately 76% for the first half of 2018, driven by the substantial growth of the wholesale segment and the stable revenue contributed by the retail segment.

“Jade Travel Ltd also continued to work closely with leading regional and international online travel portals, including the most well-known and widely-used portals in the PRC, for the penetration of its broad range of travel products.