Group 1 - The core viewpoint of the article highlights a general increase in gaming stocks, with notable gains for companies such as Sands China, Galaxy Entertainment, and MGM China, among others [1] - According to a report from JPMorgan, the total gaming revenue for the first 23 days of the month reached MOP 15.6 billion, averaging MOP 678 million per day [1] - Although the average daily revenue decreased by 4% week-on-week to MOP 642 million due to high base effects, the trend for the month indicates a growth of over 10% compared to November of last year [1] Group 2 - JPMorgan maintains a positive outlook for Macau's gaming revenue, suggesting a potential upward adjustment to their forecast of a 13% year-on-year growth for Q4 [1] - In the short term (approximately 6 months), Sands China is favored due to expectations of a dividend increase and greater market share and profits in Q4 [1] - For the long term (over 12 months), Galaxy Entertainment remains JPMorgan's top pick, citing its strong value, long-term growth potential, and the optionality of its fourth phase project expected to open in 2027 [1]

Group 1 - The core viewpoint of the article highlights a collective rise in Hong Kong gaming stocks, with notable increases in shares of various companies such as a 7% rise in Asia Entertainment Holdings and a 3.3% increase in Sands China [1] - Morgan Stanley's research indicates that the total gaming revenue for the first 23 days of this month reached 15.6 billion MOP, averaging 678 million MOP per day, which shows a year-on-year growth of over 10% compared to November last year [1] - The report suggests that while the average daily revenue decreased by 4% week-on-week to 642 million MOP due to high base effects, the overall trend indicates potential upside for the fourth quarter growth forecast of 13% year-on-year for Macau gaming revenue [1] Group 2 - Morgan Stanley expresses a positive outlook on gaming stocks for the upcoming year, particularly favoring Sands China in the short term (approximately 6 months) due to expectations of increased dividends and greater market share and profits in the fourth quarter [1] - The article provides a detailed table of stock performance, showing the latest prices and percentage changes for various gaming companies, with Asia Entertainment Holdings leading the gains at 7.46% [2]

Core Viewpoint - UBS reports a slowdown in Macau's average daily gaming revenue, which is approximately 643 million MOP over the past week, down from 671 million MOP in the previous week, attributed to lower VIP room win rates [1] Group 1: Gaming Revenue Analysis - The average daily gaming revenue for the current month is about 678 million MOP, reflecting a month-on-month decline of approximately 13% but a year-on-year increase of about 10% [1] - Market forecasts suggest that the average daily gaming revenue for November is expected to be around 673 million MOP, indicating that the remaining seven days of this month may see an average daily revenue of approximately 656 million MOP [1] Group 2: Stock Recommendations - UBS identifies Galaxy Entertainment (00027), MGM China (02282), and Wynn Macau (01128) as preferred stocks in the gaming sector, all receiving a "Buy" rating [1]

Core Points - Galaxy Entertainment (00027) announced the issuance of 4.3447 million new shares on November 25, 2025, under the share award plan adopted on May 22, 2023 [1]

Core Points - Galaxy Entertainment announced the issuance of 4.3447 million new shares on November 25, 2025, as part of a share incentive plan adopted on May 22, 2023 [1] Company Summary - The new shares will be issued under the share incentive plan, indicating the company's strategy to motivate and retain employees through equity participation [1] - The issuance date is set for November 25, 2025, which suggests a long-term commitment to the incentive plan [1] - The total number of shares being issued is 4.3447 million, reflecting the scale of the incentive program [1]

Group 1 - Galaxy Entertainment announced the issuance of 4.3447 million shares on November 25, 2025, as part of a share incentive plan adopted on May 22, 2023 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 銀河娛樂集團有限公司 呈交日期： 2025年11月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 00027 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 | | | 佔有關事件前的現有已發 ...

Core Viewpoint - UBS reports a slowdown in Macau's average daily gaming revenue, which is approximately 643 million MOP over the past week, down from 671 million MOP in the previous week, attributed to lower VIP room win rates [1] Summary by Category Gaming Revenue - Average daily gaming revenue in Macau for the current month is about 678 million MOP, reflecting a month-on-month decline of approximately 13% but a year-on-year increase of about 10% [1] - Market forecasts for November's average daily gaming revenue are around 673 million MOP, suggesting that the remaining seven days of this month may see an average daily revenue of approximately 656 million MOP [1] Stock Recommendations - UBS identifies Galaxy Entertainment (00027), MGM China (02282), and Wynn Macau (01128) as preferred gaming stocks, all rated as "Buy" [1]

Core Viewpoint - UBS reports a slowdown in Macau's daily gaming revenue, with an average of approximately 643 million MOP over the past week, down from 671 million MOP in the previous week, attributed partly to lower VIP room win rates [1] Group 1: Gaming Revenue Analysis - Daily gaming revenue for the current month is approximately 678 million MOP, reflecting a month-on-month decline of about 13% but an annual increase of around 10% [1] - Market forecasts suggest that daily gaming revenue for November will be around 673 million MOP, indicating that the remaining days of this month may average about 656 million MOP [1] Group 2: Stock Recommendations - UBS identifies Galaxy Entertainment, MGM China, and Wynn Macau as top picks in the gaming sector, assigning a "buy" rating to each [1]

Core Viewpoint - Morgan Stanley's report indicates that Macau's total gaming revenue for the first 23 days of this month reached MOP 15.6 billion, averaging MOP 678 million per day, showing a year-on-year growth of over 10% compared to November last year, suggesting potential upside to the bank's forecast of a 13% year-on-year growth for Macau gaming in Q4 this year [1][1][1] Group 1 - The average daily revenue for the past week decreased by 4% to MOP 642 million due to high base effects [1] - Morgan Stanley maintains a positive outlook on gaming stocks for next year, despite current stock prices being slightly lower [1] - In the short term (approximately 6 months), the company is optimistic about Sands China, expecting it to increase dividends when announcing earnings at the end of February next year and gain greater market share and profits in Q4 this year [1][1][1] Group 2 - In the long term (over 12 months), Galaxy Entertainment remains Morgan Stanley's top pick, citing its strong value and long-term growth potential, along with the optionality of its Phase 4 project expected to open in 2027, which may reflect in the stock price sometime next year [1][1][1]