Macau casino investor Success Universe Group Ltd. is disposing its stake in a gaming technology firm as it tries to mitigate its ballooning losses.

In a disclosure to the HongKong Stock Exchange on Friday, Success Universe announced that it is selling its stake and loans in Honour Rich China Development Ltd. at a loss to Wide Fortune Group Ltd for a sum of for HKD12 million (US$1.5 million).

Honour Rich, which was incorporated in the British Virgin Islands on September 21, 2010, provided technology services platform and related technical support for lottery in mainland China.

Success Universe cited the uncertainty brought by the continued suspension of the paperless lottery sales agency services as one of the primary reasons why it had decided to cut its exposure to Honour Rich.